17th Annual Report 2077/78
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Transcript of 17th Annual Report 2077/78
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Message from Chairman On the behalf of our Board of Director, I am delighted to express my sincere gratitude and warm regards to all our respected shareholders, representatives from regulatory bodies, auditors, legal advisors, Chief Executive Officer and entire stakeholders for your remarkable presence in this 17th Annual General Meeting of the development bank. I take this opportunity to assure everyone that through this support of our stakeholders, we commit full dedication towards our responsibilities to achieve our stakeholders’ expectation and faith. It gives me immense pleasure to place before you the highlights of the bank’s performance during the financial year 2077.78. We have expanded our balance sheet size by 45.41% and reached to NPR 47.84 billion and generated net profit of NPR 410 million. Our Earning Per Share has increased from Rs. 7.33 to Rs. 14.98 in current fiscal year. As on 31st Ashad 2078, the development bank has been providing its banking services to its stakeholders through 95 branches and 31 ATMs throughout the country. Similarly, by the end of 31st Ashad 2078, the deposit customer base of this bank stood at around 360 thousand, mobile banking customers stood at 76 thousand, number of Debit card holders stood at 28 thousand. Similarly, by creating direct employment opportunity for 735 employees, the bank has contributed in bringing about positive changes in the lives of their dependents. The Board of Directors of our development bank is continuously engaged with the management to setup business goals which shall benefit to all the stakeholders.
I express my gratitude to all the stakeholders for your contribution and cooperation with this development bank and keeping your trust in our mission. Thank You, Achyut Prasad Prasai Chairman
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Brief About Shangri-la Development Bank Ltd. It is formed after merger of two local level development banks named Bageshwari Development Bank Ltd. based in Nepalgunj and Shangri-la Development Bank Ltd. based in Pokhara. At present, Shangri-la Development Bank Ltd. is one of the largest National Level Development Banks with Branch network of 98 branches. Shangri-la Development Bank Ltd. had acquired Cosmos Development Bank Ltd. and started its joint operation from 30 Ashad, 2074.
We value our customers and our policies are adapted to meet the best interest of our customers and our stakeholders by catering pragmatic and reliable services. We are committed to provide the quality products and services to every customer with utmost courtesy and care.
As on Ashad end 2078, the bank has a noticeable Balance Sheet size of NPR 47.84 billion with 95 branches and 31 ATMs across the country serving more than 360 thousand happy customers from different age groups, communities and societies. Likewise, mobile banking customers stood at 76 thousand and number of Debit card holders stood at 28 thousand.
Similarly, the development bank has entered into an agreement with CDS and Clearing Ltd. to function as Depository Participant to facilitate its customers.
Our basic objective is to deliver quality banking services for the development of economy of the country through appropriate new and improved banking techniques.
No. of Branches FY
2076.77 91
Branches Opened
4
Total Branches
FY 2077.78 95
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Key Financial Highlights as on Ashad End 2078
BALANCE SHEET SIZE
(NPR)
• 47.84 BILLION• 45.41% growth
LOANS AND ADVANCES
(NPR)
• 36.18 BILLION• 51.63% growth
DEPOSITS (NPR)
• 42.84 BILLION• 46.48% growth
EPS
• Earning Per Share Rs.14.98• 104.37% growth
CAR
• Capital Adequacy Ratio 11.77%
Trend Analysis of Growth During Last Five Fiscal Years
13,872,84017,788,230
22,470,525
29,253,427
42,849,643
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
Am
ount
in '0
00
Fiscal Year
Deposit
2073/74 2074/75 2075/76 2076/77 2077/78
11,667,323 14,659,124
19,469,805
23,865,493
36,188,043
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
Am
ount
in '0
00
Fiscal Year
Loans and Advances
2073/74 2074/75 2075/76 2076/77 2077/78
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538,685
442,108490,768
267,725
589,412
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
Am
ount
in '0
00
Fiscal Year
Operating Profit
2073/74 2074/75 2075/76 2076/77 2077/78
347,786
305,190341,819
191,098
410,080
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
Am
ount
in '0
00
Fiscal Year
Net Profit
2073/74 2074/75 2075/76 2076/77 2077/78
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1,358,474
2,506,385 2,606,640 2,606,640 2,736,972
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Am
ount
in '0
00
Fiscal Year
Paid-up Capital
2073/74 2074/75 2075/76 2076/77 2077/78
205
254285
310
360
0
50
100
150
200
250
300
350
400
Num
ber i
n '0
00
Fiscal Year
Customer Account Deposit Base
2073/74 2074/75 2075/76 2076/77 2077/78
19.58
12.69 13.11
7.33
14.98
2073/74 2074/75 2075/76 2076/77 2077/78Fiscal Year
Earning Per Share (Rs.)
390.00
157.00 159.00
141.00
424.00
2073/74 2074/75 2075/76 2076/77 2077/78Fiscal Year
Market Value Per Share (Rs.)
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125.56
118.02
127.95 126.83
135.64
2073/74 2074/75 2075/76 2076/77 2077/78Fiscal Year
Net Worth Per Share (Rs.)
19.92
12.89 12.12
19.23
28.30
2073/74 2074/75 2075/76 2076/77 2077/78Fiscal Year
Price Earning Ratio (Times)
20.33%
9.45% 8.96%
5.26%
10.53%
2073/74 2074/75 2075/76 2076/77 2077/78Fiscal Year
Dividend Payout Ratio
309
468
683 674 735
2073/74 2074/75 2075/76 2076/77 2077/78Fiscal Year
Number of Employees
36
54
86 91 95
2073/74 2074/75 2075/76 2076/77 2077/78Fiscal Year
Number of Branches
14
23 26 27
31
2073/74 2074/75 2075/76 2076/77 2077/78Fiscal Year
Number of ATMs
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Board of Directors The Board of Directors have been acting in adherence to operate the development bank in interests of depositors, customers and general shareholders taking into consideration overall risk management of the development bank. The Board make assurance not to intervene into daily conduct of business. The Board of Directors comprise of seven members headed by Chairman, Mr. Achyut Prasad Prasai. The competent and experienced directors ensure a good governance and provide right direction to the management to achieve organization’s vision, mission and goals. There were 23 board meetings held in the fiscal year. Details of Directors with date of appointment is given below: Name Relationship Date of Appointment Mr. Achyut Prasad Prasai Chairman Appointed on 30th Poush 2075 Mr. Ganga Sagar Dhakal Director Appointed on 30th Poush 2075 Mr. Naresh Man Tuladhar Director Appointed on 9th Poush 2076 Mr. Sushil Kaji Baniya Director Appointed on 30th Poush 2075 Ms. Lisa Sherchan Director Appointed on 28th Magh 2076 Mr. Raju Nath Khanal Director Appointed on 26th Shrawan 2076Mr. Nitish Gupta Director Appointed on 25th Ashwin 2078
Mr. Achyut Prasad Prasai Mr. Achyut Prasad Prasai, resident of Nepalgunj 02, Banke district has done Master in Business Administration. He has been engaged with the bank as Chairman since 30th Poush 2075. He is also director at Nepalgunj Educational Foundation and also President of Radio Bheri Abbaj, Nepalgunj / Community Reform Committee, Nepalgunj. Mr. Ganga Sagar Dhakal Mr. Ganga Sagar Dhakal, resident of Aadhikhola 06, Syangja district has done Master Degree in Humanities & Social Science. He has been engaged with the bank as director since 30th Poush 2075. Also, he has worked as a Gazetted Third-Class Officer and Second-Class Officer in Government of Nepal. Mr. Naresh Man Tuladhar Mr. Naresh Man Tuladhar, resident of Ganabahal 21, Kathmandu district has done Master in Business Administration in Finance. He has been engaged with the bank as director since 9th Poush 2076. He has also worked in Group of Business Consultant Pvt. Ltd. (GBC), Asian Adhesive Pvt. Ltd. and Unique College of Management. Mr. Sushil Kaji Baniya Mr. Sushil Kaji Baniya, resident of Dhumbarahi 04, Kathmandu district has done Master of Laws and Master in Arts. He has been engaged with the bank as director since 30th Poush 2075. He has working experience as a legal consultant in various Multi-national and national companies/ in court litigations and in the area of legal research.
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Ms. Lisa Sherchan Ms. Lisa Sherchan, resident of Tokha 03, Kathmandu district has done Master of Science in Business Analytics. She has been engaged with the bank as director since 28th Magh 2076. She has working experience as a Director in Three Sixty Education Solutions, Goldman Sach Asset Management (GSAM) in Bangalore, GSAM-Compliance Officer and Goldman Sach Asset Management in New York, GSAM Anti-Money Laundering Compliance Officer. Mr. Raju Nath Khanal Mr. Raju Nath Khanal, resident of Myagdi 1, Gunadhi Tanahu district has done Master in Business Administration. He is serving in the capacity of independent director and has been engaged with the bank since 26th Shrawan 2076. He has long period of working experience in Nepal Bank Ltd. Mr. Nitish Gupta Mr. Nitish Gupta, resident of Nepalgunj 01, Banke district has done Master in Business Administration in Finance and Marketing. He has been engaged with the bank as director since 25th Ashwin, 2078. He has also worked as Manager Sales and Market Analysis in Steel Trading since 2014 A.D. Committee of Directors: To take the informed decision in the best interest of the development bank, the Board has constituted various committees. These committees are formed as per the Unified Directives of the Nepal Rastra Bank (The Regulatory Authority) and work as per the terms of reference provided therein. Following are the Committees of Directors of the Bank: Audit Committee: The Audit Committee of the development bank is comprised of three members, one director from the Board as a coordinator. Head Internal Audit is the member secretary. The development bank has an independent Internal Audit Department under this committee. Internal Audit is an independent appraisal function within the development bank to examine and evaluate its activities. The basic objective of the development bank’s Internal Audit Department is to assist the management in the effective discharge of their responsibilities. It assists the development bank to accomplish its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, internal control and governance process. During the year seven meetings of Audit Committee were held.
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Risk Management Committee Board of Directors (BoD) is the apex and supreme authority of the development bank and is responsible to frame and implement robust policies and framework for effective compliance of regulation and direction issued by the regulatory authority. BoD ensures the strategies, policies and procedure is in accordance with the risk appetite/tolerance limit for effective management of risk within the development bank. The Board understands the nature of risk of the development bank, and periodically reviews reports on risk management, including policies and standards, stress testing, liquidity and capital adequacy through the reporting by the Risk Management Committee.
During the year five meetings of Risk Management Committee were held. Assets Money Laundering Prevention Committee The committee ensures that the development bank complies with all the regulations under Asset (Money) Laundering Prevention Act, Asset (Money) Laundering Prevention Rule & the Directives on AML/CFT issued by Nepal Rastra Bank. It reviews the adequacy of the resources (including information technology tools) to identify, measure & mitigate the money laundering issues and reports the same to the Board. The committee also reviews and reports to the Board the existing methodology, policy, processes etc. and need for improvement to identify all kinds of money laundering risks on timely manner.
During the year four meetings of Assets Money Laundering Prevention Committee were held. Employee Service Benefit Committee The Employee Service Benefit Committee of the development bank works on the identifying and addressing policies and current trends of employee issues, including the changes in legislation as well as enhanced benefit programs, and use of the plans to remain competitive in market. The Committee is coordinated by a director of the Board having the Head Human Resource Department as a member secretary. The Committee reviews and recommends the Board for approval of the Human Resources strategy including key HR objectives, plans and workforce requirements, recruitment promotion, selection, transfer & placement norms and monitors the implementation of the same. During the year eight meetings of Employee Service Benefit Committee were held.
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COVID-19: Diverging into Possibilities The Novel Corona Virus has changed our life drastically. The world economy has major breakthrough to deal with this situation. So, the model of doing business has changed and we have moved from Brick Banking to Click Banking.
Due to the gravity of the both pandemic and the lockdown; the constraint of movement of people, goods, resources and business, the economy was heavily affected. The general public had to face many difficulties during this period.
Despite the situation, we have always put our customer’s needs at the fore front including well-being of our employees. We have formulated different strategies to overcome the challenges and threats created by this unexpected situation. The initiatives taken by our bank during this pandemic are briefly presented below:
Branch and ATM Service Shangri-la Development Bank Ltd. has a vision to serve the customers at its level best despite of unfavorable circumstances. All our 31 ATMs were operated 24/7 for serving the customers. We had placed notice regarding emergency contact number to be coordinated, if any awkward situation arises. Branches and ATMs were thoroughly sanitized and precaution were used to verify the safety and security of our stakeholders. Branches operating schedule was published in our website on daily basis so, our customers would not face any difficulties. Disinfection and Social Distancing As our customers and employees are our important assets, their health is our prime matter of concern. Sanitation kits such as masks, gloves and face shield were provided to each employee from security guard to executive level. Sanitizer dispensing unit were also placed at branch premises for customers/visitors to use. Thermal gun was also kept for temperature check for both visitors and employees at branches. There was sufficient social distancing while doing banking transactions. Our staffs were also showing great concern to maintain the health protocol issued by the government.
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Work from Home Access and Staff Training To provide uninterrupted service to our customers, we had provided our staffs access from home to run day to day transaction smoothly. Customers were facilitated through phone calls and virtual meetings by our employees regarding any of their queries about our product and services. We had also conducted numerous trainings to our staffs through virtual platform to enhance their knowledge base in the banking sector.
Digital Marketing and Awareness
Shangri-la Development Bank Ltd. has been regularly updating messages, tips regarding COVID related issues. All the notices were made available in the bank’s website and social media platform for the customers to know about any information regarding the bank. As we are moving towards the digital era to cope with this fast-growing industry, we have installed the digital display at our corporate office building
to provide updated information regarding our products, services, festivals discounts, financial literacy and COVID awareness messages. Latest Product and Services During the pandemic situation, we have never compromised to provide top-most services to our valued customers. So, we had introduced brand new product and services. Deposit schemes for women (Shangri-la Nari Bachat), minor (Shangri-la Bal Bhabisya Bachat) and old-age individuals (Shangri-la Jestha Nagarik Bachat) were launched.
Work from Home Access and Staff Training To provide uninterrupted service to our customers, we had provided our staffs access from home to run day to day transaction smoothly. Customers were facilitated through phone calls and virtual meetings by our employees regarding any of their queries about our product and services. We had also conducted numerous trainings to our staffs through virtual platform to enhance their knowledge base in the banking sector.
Digital Marketing and Awareness
Shangri-la Development Bank Ltd. has been regularly updating messages, tips regarding COVID related issues. All the notices were made available in the bank’s website and social media platform for the customers to know about any information regarding the bank. As we are moving towards the digital era to cope with this fast-growing industry, we have installed the digital display at our corporate office building
to provide updated information regarding our products, services, festivals discounts, financial literacy and COVID awareness messages. Latest Product and Services During the pandemic situation, we have never compromised to provide top-most services to our valued customers. So, we had introduced brand new product and services. Deposit schemes for women (Shangri-la Nari Bachat), minor (Shangri-la Bal Bhabisya Bachat) and old-age individuals (Shangri-la Jestha Nagarik Bachat) were launched.
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Our “Ek ko dui Muddati Khata” and “Recurring Deposit” product were very popular amongst our depositors as we had provided online account opening facilities so that our customers could easily open any accounts without visiting the branches. Our bank has also provided online fixed renewal services so anyone who have access to internet services can easily renew their fixed deposit account. Customers can also apply for online loan application. We have tried to push forward our digital services in an effective manner. We have installed “50 Reflective Highway Hoarding Board” from Nagdhunga to Pokhara which mainly focus on social awareness information to our stakeholders and promotes visibility of our brand.
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Value Added Statement The Value-Added Statement (also known as an added-value statement) is a financial statement showing how much wealth (the value-added) has been created by the collective effort of capital, employees, and others resources and how it has been allocated to the stakeholders, employees, government, community, shareholder and expansion and growth of the bank within an accounting period.
Value Added Statement of the bank during the fiscal year 2077.78 and 2076.77 are depicted below:
Amount in million Particulars FY 2077.78 FY 2076.77 Change (%)
Interest earned 3,515.21 3,135.05 12.13%Other Income 479.92 176.20 172.37%Interest Expenses 2,308.69 2,084.75 10.74%Other Operating Expenses 290.61 254.58 14.15%Value Added by Banking Service 1,395.83 971.92 43.62%Impairment Charge for Loans and other losses 236.07 259.48 -9.02%Gross Value Added 1,159.77 712.44 62.79%Application Statement To Employees Salaries and Other Benefits 490.23 366.79 33.66%To Government Income Taxes 185.40 79.64 132.81%To Community Corporate Social Responsibility 4.10 1.91 114.59%To Shareholders Dividend and Bonus shares 288.10 137.19 110.00%To Expansion and Growth Reserves and Accumulated Profit 117.88 52.00 126.71%Depreciation and Amortization 80.93 77.34 4.64%Deferred Taxation (6.88) (2.42) 183.90%Total of Value Added Allocation 1,159.77 712.44 62.79%
The value added by the bank stood at NPR 1,159.77 million as on Ashad 2078 compared to NPR 712.44 million in the previous year.
For the year ended Ashad 2078, the application statement comprised of value addition to various stakeholders of the bank. The current value addition of 42.27% has been apportioned to the employees of the bank for the salaries and other benefits and 15.99% to the Government. Similarly, the community, shareholders and expansion & growth received 0.35%, 24.84% and 16.55% respectively of the total value addition.
Market Value Added
Market Value is the difference between the market value and total book value of the bank. It shows the difference between the current market value of the bank and capital contributed by investors. It is the sum
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of all capital claims held against the bank plus the market value of debt and equity. Positive market value added depicts the bank has added value.
Amount in million Particulars FY 2077.78 FY 2076.77
Market Price Per Share (Rs.) 424.00 141.00Number of shares 27.37 26.07Total Market Value 11,604.76 3,675.36Book Value per share (Rs.) 135.64 126.83Number of shares 27.37 26.07Total Book Value 3,712.47 3,306.04Market Value Added 7,892.29 369.33
The total market value of the bank has increased by NPR 7,929.40 million and has reached to NPR 11,604.76 million. Similarly, the total book value of the shares has increased by NPR 406.44 million and has reached to NPR 3,712.47 million.
With the increase in the market value of shares and book value of shares, the total market value added in the FY 2077.78 has reached to NPR 7,892.29 million as compared to NPR 369.33 million in the previous year. Economic Value Added
Economic Value Added (EVA) is the financial performance measurement tool which is used to measure the value of a company generated from the fund invested in it. It is an estimate of bank’s economic profit or the value created in excess of the required return of the bank’s shareholders. Economic Value Added is the profit earned by the bank less the cost of financing the bank’s capital.
Amount in million Particulars FY 2077.78 FY 2076.77
Net Operating Profit after Tax 410.08 191.10Average Shareholder's Fund 3,509.25 3,320.60Cost of Capital Employed (%) 10% 10%Cost of Capital Employed (Amount) 350.93 332.06Economic Value Added 59.16 (140.96)
The bank has generated Economic Value Added of NPR 59.16 million as on Ashad end 2078 compared to NPR (140.96) million last year. Cost of Equity has been assumed to be 10%, slightly higher than the return on government bonds by considering the difference between the cost of equity and return on government bonds to be risk premium.
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;ef x'g] ldlt M @)&* ;fn sflQs !^ ut] -tb\g';f/ @ gf]e]Da/ @)@!_, d+unjf/ :yfg M n}grf}/ Aofª\Sj]6, n}grf}/, sf7df8f}+ . ;ef ;'? x'g] ;do M laxfg !)M)) ah] . 5nkmnsf] ljifo;"rL M s_ ;fwf/0f k|:tfj M -!_ cWoIfHo"sf] dGtAo ;lxt cfly{s jif{ @)&&÷)&* sf] ;~rfns ;ldltsf] jflif{s k|ltj]bg pk/ 5nkmn u/L
kfl/t ug]{ af/] . -@_ n]vfk/LIfssf] k|ltj]bg ;lxtsf] ldlt @)&* cfiff9 d;fGtsf] ljQLo cj:yfsf] ljj/0f tyf cfly{s jif{
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tf]lsPsf] ;do eGbf slDtdf $* 306f cufj} sf/f]jf/ ;do leq 8]endk]G6 a}+ssf] s]Gb|Lo sfof{nodf btf{ ul/;Sg' kg]{5 . o;/L lgo'Qm ul/Psf] k|ltlglw 8]endk]G6 a}+ssf] z]o/wgL x'g'kg]{5 . To;/L k|ltlglw lgo'Qm ul/;s]kl5 pQm k|ltlglw ab/ u/L csf]{ k|ltlglw d's// u/L ;ef z'? x'g] egL tf]lsPsf] ;do eGbf slDtdf $* 306f cufj} 8]enkd]G6 a}+ssf] s]Gb|Lo sfof{nodf sf/f]jf/ ;do leq btf{ u/]df jf cfkm' :jo+ ;fwf/0f ;efdf pkl:yt x'g cfPdf To:tf] z]o/wgLn] ul/lbPsf] cl3Nnf] k|f]S;L :jtM ab/ x'g]5 . s'g} z]o/wgLn] Ps eGbf a9L z]o/wgLnfO{ k|ltlglw lgo'Qm u/]sf] /x]5 eg] lgh :jo+n] cGo ab/ u/L Pp6f sfod u/]sf] cj:yfdf afx]s To:tf ;a} k|ltlglw kqx? :jtM ab/ x'g]5 . k|ltlglw d's// ubf{ cfkm\gf] ;Dk"0f{ z]o/sf] k|ltlglw Pp6} JolQmnfO{ lgo'Qm ug'{k5{ . s'g} lsl;daf6 5'6\ofO{ lbPdf pQm k|f]S;L ab/ ul/g]5 . o; ;DaGwdf ;fwf/0f ;efdf ljjfb ug{ kfO{g] 5}g .
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t/ntf cg'kft M @$=#^ k|ltzt
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artstf{ ;+Vof M #^),*$^
C0fL ;+Vof M !(,$*%
n]vf k/LIfs M >L /lGhj P08 P;f]l;o6\;, rf6{8 Psfp06]G6\;
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;f+lu|nf 8]enkd]G6 a}+s lnld6]8sf] ;qf}+ jflif{s ;fwf/0f ;efsf nflu ;~rfns ;ldltsf] tkm{af6
cWoIfHo"sf] k|ltj]bg -cf=j=@)&&÷)&*_
cfb/0fLo z]o/wgL dxfg'efjx?, o; ;f+lu|nf 8]enkd]G6 a}+s lnld6]8sf] cfhsf] o; ;qf} jflif{s ;fwf/0f ;efdf pkl:yt x'g' ePsf ;Dk"0f{ >4]o z]o/wgL dxfg'efjx?, ;~rfns ;ldltsf ;b:oHo"x?, xfd|f] lgdGq0ffnfO{ ;xif{ :jLsf/ u/L lgodgsf/L lgsfoaf6 kfNg' ePsf cltlyHo'x?, cfGtl/s tyf afx|o n]vfk/LIfs, sfg'gL ;Nnfxsf/, a}+ssf k|d'v sfo{sf/L clws[t tyf sfo{/t sd{rf/Lx? Pj+ pkl:yt ;Dk"0f{ eb| dlxnf tyf ;Hhgj[Gbx? k|lt cfhsf] o; ;fwf/0f ;efsf] z'e cj;/df d]/f] JolQmut tyf ;+rfns ;ldltsf tkm{jf6 xflb{s :jfut Pj+ clejfbg AoQm ub{5' .
cf=j= @)&&÷)&* Dff o; 8]enkd]G6 a}+sn] xfl;n u/]sf] k|ult Pj+ pknlAwx? ;dfj]z ul/Psf] @)&* cfiff9 d;fGt ;Ddsf] ljQLo cj:yfsf] ljj/0f, gfkmf jf gf]S;fg ljj/0f, lj:t[t cfosf] ljj/0f, gub k|jfx ljj/0f / OlSj6Ldf ePsf] kl/jt{gsf] ljj/0f tyf ;f];Fu ;DaGwLt cg';"rLx? ;lxtsf] ;~rfns ;ldltaf6 kfl/t tyf g]kfn /fi6« a}+saf6 l:js[t ljQLo ljj/0f oxfFx? ;dIf l:js[tLsf nflu k]z u/]sf] 5' .
o; ;fwf/0f ;efn] 8]enkd]G6 a}+sn] ut cfly{s jif{df u/]sf] pknlAwx? tyf rfn' cfly{s jif{df / eljiodf rfNg' kg]{ sbd tyf ckgfpg' kg]{ gLlt lgod / sfo{of]hgf ;DaGwdf ;Nnfx ;'emfj Pj+ dfu{ lgb]{zg ug]{5 eGg] ljZjf;sf ;fy oxfFx? ;Dk"0f{nfO{ Åbo b]lv xflb{s :jfut ub}{ o; ;qf}+ jflif{s ;fwf/0f ;efsf] k|ltj]bg 5nkmn tyf l:js[tLsf] nfuL oxfFx? ;dIf k]z ug]{ cg'dtL rfxG5' .
-!_ cf=j= )&&÷)&* sf] 8]enkd]G6 a}+ssf] sf/f]jf/ ;ldIff M– s_ ljQLo l:ytL M 8]enkd]G6 a}+ssf] cf=j= @)&&÷)&* tyf @)&^÷)&& sf] t'ngfTds ljQLo l:ytL lgDg cg';f/ 5 .
?= xhf/df
ljj/0f cf=j=)&&÷)&* cf=j=)&^÷)&& j[l4÷sdL/sddf k|ltzt
r'Qmf kF"hL -k|:tfljt af]g; z]o/ ;lxt_ 3,010,669 2,736,972 273,697 10.00%
hu]8f tyf sf]ifx? 659,580 545,903 113,677 20.82% s'n ;DklQ 47,836,877 32,898,334 14,938,543 45.41% s'n lgIf]k 42,849,643 29,253,427 13,596,216 46.48% s'n shf{ tyf ;fk6 36,188,043 23,865,493 12,322,550 51.63% nufgL 4,491,151 2,929,578 1,561,573 53.30% Aofh cfDbfgL 3,515,206 3,135,051 380,155 12.13% Aofh vr{ 2,308,686 2,084,753 223,933 10.74% v'b Aofh cfDbfgL 1,206,520 1,050,299 156,221 14.87% sd{Rff/L vr{ 490,234 366,789 123,445 33.66% cGo ;+rfng vr{ 282,762 249,721 33,041 13.23% ;+rfng d'gfkmf 589,412 267,725 321,687 120.16% v'b d'gfkmf 410,080 191,098 218,982 114.59% Gff]S;fgL Aoj:yf yk -sdL_ 236,068 259,481 -23,413 -9.02% t/ntf k|ltzt 24.36% 27.30% - -10.77% lglis|o shf{ k|ltzt 1.39% 1.13% - 23.01% k|lt z]o/ cfDbfgL ?= 14.98 7.33 7.65 104.37% cfwf/ b/ k|ltzt 8.54% 9.99% - -14.51% k"FhL sf]if kof{Kttf k|ltzt 11.77% 12.93% - -8.97%
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ljZjAofkL ?kdf km}lnPsf] sf]le8–!( sf] dxfdf/Ln] l;lh{t c;xh kl/l:ytLn] ubf{ ljZj cy{tGq g} ylnPsf] cj:yfdf clwsf+z pBf]u, Aofkf/ Joj;fox?df k|lts'n c;/ kg{ uPsf] oxf+x?nfO{ ljlbt} 5 . cf=j= @)&^÷&& sf] r}q dlxgfb]lv nfdf] ;do;Dd b]zAofkL ?kdf ePsf] aGbfaGbL / tt\ kZrft @)&&÷)&* j}zfv b]lv ePsf] lgif]wf1fsf] k|ToIf k|efj xfd|f] a}+snfO{ klg k/]sf] 5 . o;/L sf]le8–!( sf] sf/0f C0fLx?df k/]sf] c;/ Go"gLs/0f ug]{ p2]Zon] g]kfn /fi6« a}+såf/f sf]/f]gf k|efljt C0fLx?sf] ;'ljwfsf nflu ljleGg lgb]{zg hf/L eP adf]lhd u|fxsx?nfO{ ;dodf ls:tf /sd a'emfpg g;Sbf k]gfN6L /sd ltg{ gkg'{sf ;fy lgif]wf1fsf] cjlwe/ shf{ /sd c;'npk/sf] nflu lwtf] lnnfd ug{ gkfOg] Joj:yfn] ;d]t C0fLx?nfO{ /fxt k'Ug uPsf] 5 .
o:tf] ljifd kl/l:ytLsf afah't klg pk/f]Qm ljQLo ljj/0fx?sf] cfwf/df 8]enkd]G6 a}+ssf] ljQLo ;"rsf+sx? ;Gtf]ifhgs g} /x]sf 5g . 8]enkd]G6 a}+sn] o; cf=j= @)&&÷&* sf] d'gfkmfaf6 af]g; z]o/ ljt/0f ug]{ k|:tfj u/]sf]n] 8]enkd]G6 a}+ssf] r'Qmf k"+hLdf !) k|ltztn] j[l4 x'g] ePsf] 5 eg] k"+hLsf]if kof{Kttf, g]kfn /fi6« a}+sn] /fli6«o :t/sf] ljsf; a}+snfO{ tf]s]sf] !) k|ltzt eGbf !=&& k|ltztn] cem} clws /x]sf] 5 .
To:t} 8]enkd]G6 a}+ssf] v'b Aofh cfDbfgL !$=*& k|ltztn] j[l4 ePsf] 5 eg] sf]le8–!( dxfdf/Lsf] sf/0f ;dodf shf{sf] Aofh c;'nL x'g g;s]sf]n] ;Defljt gf]S;fgL Aoj:yfdf s]xL j[l4 eO{ lgis[o shf{ cg'kft ut cf= j= eGbf @#=)! k|ltztn] j[l4 ePsf] 5 .
ut cf= j= @)&^÷&& sf] s'n shf{ tyf ;fk6Ldf sl/j ?= !@ cj{ #@ s/f]8 yk shf{ k|jfx u/L 8]enkd]G6 a}+sn] o; cf= j= @)&&÷&* df s'n shf{ ?= #^ cj{ !* s/f]8 k'/\ofPsf] 5 h'g ut cf=j=sf] t'ngfdf %!=^# k|ltztsf] j[l4 xf] eg] lgIf]kdf ?= !# cj{ %( s/f]8 yk lgIf]k ;+sng u/L ?= $@ cj{ *$ s/f]8 k'/\ofPsf] 5 h'g ut jif{sf] t'ngfdf $^=$* k|ltztsf] j[l4 xf] . To;sf] ;fy} ;ldIff jif{df a}+sn] nufgL tkm{ em08} ?= ! cj{ $$ s/f]8 a/fa/sf] ljsf; C0fkq tyf 6«]h/L landf / Do"Rcn km08 tyf cGo ;+:yfx?sf] z]o/df ?= !! s/f]8 u/L s'n ?= ! cj{ %^ s/f]8 a/fa/ nufgL yk u/]sf]n] a}+ssf] cfDbfgLdf ljljwtf ug]{ tkm{ cu|;/ ePsf] 5 .
v_ lgIf]k ;+sng M ljleGg cfly{s jif{x?sf] lgIf]k /sd
cfly{s jif{x? /sd ?= xhf/df 2073÷74 13,872,840 2074÷75 17,788,230 2075÷76 22,470,525 2076÷77 29,253,427 2077÷78 42,849,643
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ljut kfFr cf= j= b]lv xfn;Dd o; 8]enkd]G6 a}+ssf] lgIf]k /sdsf] j[l4b/ lgDgfg';f/ 5 M
cf=j= @)&^÷&& sf] cGTodf ?= @( cj{ @% s/f]8 lgIf]k /x]sf]df o; 8]enkd]G6 a}+sn] o; cf= j= @)&&÷&* sf] cfiff9 d;fGt;Dd cfO{k'Ubf sl/a !# cj{ %( s/f]8 yk lgIf]k ;+sng u/L ?= $@ cj{ *$ s/f]8 k'/\ofPsf] 5 h'g ut jif{sf] t'ngfdf $^=$* k|ltztsf] j[l4 xf] eg] ;f] cjlw;Dd 8]enkd]G6 a}+ssf sl/a # nfv ^) xhf/ eGbf al9 u|fxsx? /x]sf 5g\ .
xfn o; 8]enkd]G6 a+}ssf] lgIf]ksf] agf]6 o; k|sf/ /x]sf] 5 . ?= xhf/df
qm=;+= lgIf]ksf] k|sf/ )&&÷&* -?=_ k|ltzt )&^÷&& -?=_ k|ltzt!= dflh{g lgIf]k 18,650 0.04 22,448 0.08@= art lgIf]k 13,022,179 30.39 9,364,835 32.01#= d'2tL lgIf]k 23,891,451 55.76 15,723,976 53.75$= dfu]sf] avt ltg'{ kg{] lgIf]k 5,104,925 11.91 3,515,390 12.02%= rNtL lx;fa 812,438 1.90 626,778 2.14
hDdf ?= 42,849,643 100 29,253,427 100
13,872,84017,788,230
22,470,525
29,253,427
42,849,643
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
/sd
?= xh
f/df
cfly{s jif{
ljleGg cfly{s jif{x?sf] lgIf]k /sd
2073÷74 2074÷75 2075÷76 2076÷77 2077÷78
0.04%
30.39%
55.76%
11.91% 1.90%
cfly{s jif{ @)&&÷&* df lgIf]ksf] agf]6 -?=_
dflh{g lgIf]k art lgIf]k d'2tL lgIf]k dfu]sf] avt ltg'{ kg{] lgIf]k rNtL lx;fa
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Dffly pNn]lvt lgIf]ksf] agf]6n] klg k|i6 kfb{5 ls 8]enkd]G6 a}+sdf d'2tL lgIf]k tyf art lgIf]k dfu]sf] avt ltg"{ kg]{ -sn vftf_ lgIf]ksf] t''ngfdf c+z al9 /x]sf]5 . o;/L o; 8]enkd]G6 a}+ssf] s'n lgIf]ksf] ^#=(^ k|ltzt lgIf]k ;j{;fwf/0f JolQmx?sf] /x]sfn] ubf{ 8]enkd]G6 a}+s t/ntfsf] b[li6«sf]0fn] Go""g hf]lvddf /x]sf] k|i6 x'G5 .
u= shf{ tyf ;fk6 M ljleGg cfly{s jif{x?sf] shf{ tyf ;fk6L
cfly{s jif{x? /sd ?= xhf/df2073÷74 11,667,3232074÷75 14,659,1242075÷76 19,469,8052076÷77 23,865,4932077÷78 36,188,043
ut cf=j @)&^÷&& sf] cGTodf ?= @# cj{ *^ s/f]8 shf{ /x]sf]df a}+sn] o; cf= j= @)&&÷&* sf] cfiff9 d;fGt;Dd cfO{k'Ubf sl/a !@ cj{ #@ s/f]8 yk shf{ k|jfx u/L s'n ?= #^ cj{ !* s/f]8 k'/\ofPsf] 5 h'g ut cf=j=sf] t'ngfdf %!=^# k|ltztsf] j[l4 xf] .
3_ d'gfkmf M ljZjAofkL ?kdf km}lnPsf] sf]le8–!( sf] dxfdf/Lsf] sf/0fn] ubf{ cf=j= @)&^÷&& sf] r}q dlxgfb]lv nfdf] ;do;Dd
b]zAofkL ?kdf ePsf] aGbfaGbL tyf cf=j= )&&÷)&* j}zfvb]lv ePsf] lgif]wf1fn] pBf]]u, Aofkf/ / Aoj;fox?df To;sf] k|ToIf c;/ kg{ uO{ ;dod} Aofh c;'nL x'g g;s]sf] ;fy} lgif]wf1fsf] cjwLdf lwtf] lnnfd dfkm{t shf{ c;'nL ;d]t x'g g;s]sf] cj:yfdf ;d]t cf=j= @)&&÷&* df 8]enkd]G6 a}+sn] ?= $! s/f]8 v'b d'gfkmf cfh{g ug{ ;kmn ePsf] 5 h'g ut cf=j= ;f]xL cjlwsf] t'ngfdf !!$=%( k|ltztn] j[l4 ePsf] xf] . rfn' cf=j= @)&*÷&( df a}+s;+u /x]sf] sf]ifsf] nfutnfO{ lgIf]ksf] cg'kft ldnfO{, shf{ nufgL a9fpg'sf] ;fy} ;/sf/L C0fkq tyf cGo sDkgLx?sf] z]o/df ;d]t nufgL j[l4 ug'{sf] ;fy} ;+rfng vr{ j[l4 Go"g u/L cfkm";+u /x]sf] t/ntfsf] clwstd pkof]u u/L Aoj;flos sf/f]jf/df j[l4 ub}{ cfufdL jif{df ;d]t a}+ssf] d'gfkmfdf j[l4 x'g]df a}+s Aoj:yfkg ljZj:t /x]sf] 5 .
11,667,323 14,659,124
19,469,805
23,865,493
36,188,043
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
/sd
?= xh
f/df
cfly{s jif{
ljleGg cfly{s jif{x?sf] shf{ tyf ;fk6L
2073÷74 2074÷75 2075÷76 2076÷77 2077÷78
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ljleGg cfly{s jif{x?sf] ;+rfng d"gfkmf cfly{s jif{x? /sd ?= xhf/df
2073÷74 538,685 2074÷75 442,108 2075÷76 490,768 2076÷77 267,725 2077÷78 589,412
ljleGg cfly{s jif{x?sf] v'b d'gfkmf cfly{s jif{x? /sd ?= xhf/df
2073÷74 347,786 2074÷75 305,190 2075÷76 341,819 2076÷77 191,098 2077÷78 410,080
538,685
442,108490,768
267,725
589,412
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
/sd
?= xh
f/df
cfly{s jif{
ljleGg cfly{s jif{x?sf] ;+rfng d"gfkmf
2073÷74 2074÷75 2075÷76 2076÷77 2077÷78
347,786 305,190
341,819
191,098
410,080
-
100,000
200,000
300,000
400,000
500,000
/sd
?= x
hf/df
cfly{s jif{
ljleGg cfly{s jif{x?sf] v'b d'gfkmf
2073÷74 2074÷75 2075÷76 2076÷77 2077÷78
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-@_ /fli6«o tyf cGt/f{li6«o kl/l:ytLjf6 sf/f]jf/nfO{ k/]sf] c;/ M
cGt/f{li6«o kl/b[io ;g\ @)@) df #=@ k|ltztn] ;+s'rg ePsf] ljZj cy{tGq ;g\ @)@! Dff ^=) k|ltztn] la:tf/ x'g] cGt/f{li6«o d'b|f sf]ifsf]
cg'dfg 5 . ;g\ @)!( df ljZj cy{tGq @=* k|ltztn] la:tf/ ePsf] lyof] . ;g\ @)@) df $=^ k|ltztn] ;+s'rg ePsf] ljsl;t d'n'sx¿sf] cy{tGq ;g\ @)@! df %=^ k|ltztn] la:tf/ x'g] k|If]k0f /x]sf] 5 . To;}u/L, ;g\ @)@) df @=! k|ltztn] ;+s'rg x'g] cg'dfg /x]sf] pbLodfg tyf ljsf;zLn cy{tGq ;g\ @)@! df ^=# k|ltztn] la:tf/ x'g] k|If]k0f 5 . ;g\ @)!( df ljsl;t cy{tGq / pbLodfg tyf ljsf;zLn cy{tGqsf] j[l4b/ qmdzM !=^ k|ltzt / #=& k|ltzt /x]sf] lyof] .
l5d]sL d'n'sx? dWo] rLgsf] cy{tGq ;g\ @)!( df ^=) k|ltztn] la:tf/ ePsf]df ;g\ @)@) df @=# k|ltztn] j[l4 ePsf] cGt/f{li6«o d'b|f sf]ifsf] cg'dfg 5 . To;} u/L, ef/tsf] cy{tGq ;g\ @)!( df $=) k|ltztn] la:tf/ ePsf]df ;g\ @)@) df &=# k|ltztn] ;+s'rg ePsf] sf]ifsf] cg'dfg 5 . ;g\ @)@! df rLgsf] cfly{s j[l4 *=! k|ltzt / ef/tsf] (=% k|ltzt /xg] k|If]k0f 5 . ;g\ @)@) df ljsl;t d'n'sx¿sf] d'b|f:kmLlt )=& k|ltzt /x]sf]df ;g\ @)@! df @=$ k|ltzt /xg] sf]ifsf] k|If]k0f 5 . pbLodfg tyf ljsf;zLn d'n'sx¿sf] d'b|f:kmLlt ;g\ @)@) df %=! k|ltzt /x]sf]df ;g\ @)@! df %=$ k|ltzt /xg] k|If]k0f 5 . ;g\ @)@) df ljZj Jofkf/ cfotg *=# k|ltztn] ;+s'rg ePsf]df ;g\ @)@! df (=& k|ltztn] la:tf/ x'g] k|If]k0f 5 . ;g\ @)@) df k]6«f]lnod kbfy{sf] d"Nodf #@=& k|ltztn] sdL cfPsf]df ;g\ @)@! df %^=^ k|ltztn] j[l4 x'g] k|If]k0f 5 .
sf]le8–!( dxfdf/Ln] ubf{ Psftkm{ clwsf+z d'n'sx?df /fh:j kl/rfng ;+s'lrt ePsf] 5 eg] csf]{ tkm{ ;fj{hlgs vr{df ePsf] a9f]Q/Lsf sf/0f s'n ufx{:Yo pTkfbg;Fu ;fj{hlgs C0fsf] cg'kft ljZjJofkL ?kdf a9]sf] 5 . ;g\ @)!( df o:tf] cg'kft *#=& k|ltzt /x]sf]df ;g\ @)@) df (&=# k|ltzt k'u]sf] 5 .
;dli6ut cfly{s l:ylt
cfly{s j[l4 cfly{s jif{ @)&^÷&& df @=)( k|ltztn] ;+s'rgdf uPsf] g]kfnsf] cy{tGq cfly{s jif{ @)&&÷&* df $=)! k|ltztn] la:tf/
x'g] s]Gb|Lo tYof° ljefusf] cg'dfg /x]sf] 5 . t/ rf}yf] qodf;df ePsf] ;+qmd0fsf] bf];|f] nx/n] of] j[l4b/ sfod x'g r'gf}tLk"0f{ b]lvPsf] 5 . cfly{s jif{ @)&&÷&* df s'n ufx{:Yo pTkfbg;Fusf] s'n ufx{:Yo artsf] cg'kft ^=^ k|ltzt / s'n /fli6«o artsf] cg'kft #!=$ k|ltzt /x]sf] cg'dfg 5 . cl3Nnf] jif{ oL cg'kftx? qmdzM ^=# k|ltzt / #@=^ k|ltzt /x]sf lyP . cfly{s jif{ @)&&÷&* df s'n ufx{:Yo pTkfbgdf s'n l:y/ k"FhL lgdf{0fsf] cg'kft @&=# k|ltzt /x]sf] cg'dfg 5 . cl3Nnf] jif{ o:tf] cg'kft @*=$ k|ltzt /x]sf] lyof] .
d"No l:ylt cfly{s jif{ @)&&÷&* df jflif{s pkef]Qmf d'b|f:kmLlt cf};t & k|ltztsf] ;Ldfleq /fVg] nIo /x]sf]df #=^) k|ltzt sfod
/x]sf] 5 . jflif{s laGb'ut cfwf/df @)&* c;f/df pkef]Qmf d'b|f:kmLlt $=!( k|ltzt /x]sf] 5 .
;/sf/L vr{, /fh:j / cfGtl/s C0f kl/rfng dxfn]vf lgoGqs sfof{noaf6 @)&* ;fpg ! df k|sflzt ljj/0f cg';f/ cfly{s jif{ @)&&÷&* df ;+3Lo ;/sf/sf]
s'n vr{ ?= !,!*) ca{ (% s/f]8 ePsf] 5 . o;dWo] rfn' vr{ ?= *%! ca{ ^* s/f]8, k"FhLut vr{ ?= @@* ca{ #) s/f]8 / ljQLo Joj:yftkm{sf] vr{ ?= !)) ca{ (& s/f]8 /x]sf] 5 . To;}u/L /fh:j ;+sng ?= (#* ca{ #@ s/f]8 ePsf] 5 . cfly{s jif{ @)&&÷&* df g]kfn ;/sf/n] s'n cfGtl/s C0f kl/rfng ?= @@$ ca{ ! s/f]8 / ;fFjf e'QmfgL ?= #^ ca{ () s/f]8 u/L v'b cfGtl/s C0f ?= !*& ca{ !! s/f]8 kl/rfng u/]sf] 5 . pQm /sd s'n ufx{:Yo pTkfbgsf] $=$ k|ltzt x'g cfpF5 .
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j}b]lzs Jofkf/, ljk|]if0f cfk|jfx / zf]wgfGt/ l:ylt cfly{s jif{ @)&&÷&* df lgof{t $$=$ k|ltztn] a9]/ ?= !$! ca{ !@ s/f]8 / cfoft @*=& k|ltztn] a9]/ ?= !,%#( ca{
*$ s/f]8 k'u]sf]5 . o; cjlwdf j:t' Jofkf/ 3f6f @&=# k|ltztn] a9]sf] 5 . ljk|]if0f cfk|jfx (=* k|ltztn] j[l4 eO{ ?= (^! ca{ % s/f]8 k'u]sf] 5 . cfly{s jif{ @)&^÷&& df rfn' vftf 3f6f ?= ## ca{ &^ s/f]8 / zf]wgfGt/ art ?= @*@ ca{ $! s/f]8 /x]sf] t'ngfdf ;dLIff jif{df rfn' vftf 3f6f ?= ### ca{ ^& s/f]8 / zf]wgfGt/ art ?= ! ca{ @# s/f]8 /x]sf] 5 . @)&* c;f/ d;fGtdf s'n ljb]zL ljlgdo ;l~rlt ?= !#(( ca{ # s/f]8 -cd]l/sL 8n/ !! ca{ &% s/f]8_ /x]sf] 5 . @)&& c;f/ d;fGtsf] t'ngfdf @)&* c;f/ d;fGtdf cd]l/sL 8n/;Fu g]kfnL ?k}ofF !=!@ k|ltztn] clwd"Nog eO{ k|lt cd]l/sL 8n/ vl/b b/ ?= !!(=)$ k'u]sf] 5 .
ljQLo If]q l:ylt
a}lsË If]q tyf ;Demf}tLt art kl/rfng cfly{s jif{ @)&&÷&* df a}s tyf ljQLo ;+:yfsf] lgIf]k kl/rfng @!=$ k|ltztn] j[l4 eO{ ?= $,^^@ ca{ &# s/f]8
k'u]sf] 5 . cl3Nnf] jif{ lgIf]k kl/rfng !*=& k|ltztn] j[l4 eO{ ?= #,*#( ca{ &# s/f]8 /x]sf] lyof] . cfly{s jif{ @)&&÷&* df a}s tyf ljQLo ;+:yfsf] lghL If]qtkm{ nufgLdf /x]sf] shf{ @&=# k|ltztn] j[l4 eO{ ?= $,)*$ ca{ *! s/f]8 k'u]sf] 5 . cl3Nnf] jif{ o:tf] shf{ !@=) k|ltztn] a9]/ ?= #,@)( ca{ &( s/f]8 /x]sf] lyof] . a}+s tyf ljQLo ;+:yf -n3'ljQ ljQLo ;+:yf ;d]t_ sf] r'Qmf k"FhL @)&& c;f/ d;fGtdf ?= #%@ ca{ #& s/f]8 /x]sf]df @)&* c;f/ d;fGtdf !)=* k|ltztn] j[l4 eO{ ?= #() ca{ $# s/f]8 k'u]sf] 5 . @)&* c;f/ d;fGtdf jfl0fHo a}+sx¿sf] k"FhL sf]if kof{Kttf cg'kft !$=! k|ltzt, ljsf; a}+sx¿sf] !#=@ k|ltzt / ljQ sDkgLx¿sf] @@=) k|ltzt /x]sf] 5 . @)&& c;f/ d;fGtdf oL cg'kftx¿ qmdzM !$=) k|ltzt, !$=$ k|ltzt / !(=^ k|ltzt /x]sf lyP . @)&* c;f/ d;fGtdf jfl0fHo a}+sx?sf] lgliqmo shf{ cg'kft !=% k|ltzt, ljsf; a}+sx?sf] !=% k|ltzt / ljQ sDkgLx?sf] ^=@ k|ltzt /x]sf] 5 . @)&& c;f/ d;fGtdf oL cg'kftx? qmdzM !=* k|ltzt, !=% k|ltzt / ^=@ k|ltzt /x]sf lyP . @)&* c;f/ d;fGt;Dd s'n @@( a}+s tyf ljQLo ;+:yfx? ufEg]÷ufleg] k|lqmofdf ;fd]n ePsf 5g\. oLdWo] !&! ;+:yfx?sf] Ohfht vf/]h eO{ %* ;+:yf sfod ePsf 5g\ .
a}+s tyf ljQLo ;+:yfsf zfvf la:tf/;Fu} ljQLo kx'Fr a9]sf] 5 . a}+s tyf ljQLo ;+:yfx?sf] zfvf ;+Vof @)&& c;f/ d;fGtdf (,&^% /x]sf]df @)&* c;f/ d;fGtdf !),^*# k'u]sf] 5 . pQm cjlwdf k|lt a}+s zfvf hg;+Vof #,)&@ af6 36]/ @,*$$ sfod ePsf] 5 . jfl0fHo a}+ssf zfvf &%) :yfgLo txx?df k'u]sf 5g\ .
sd{rf/L ;~ro sf]ifsf] ;|f]t÷pkof]u @)&& c;f/ d;fGtdf ?= #*$ ca{ ! s/f]8 /x]sf]df @)&& r}t d;fGtdf ?= $@$ ca{ ( s/f]8 k'u]sf] 5 . pQm cjlwdf ;+rostf{x?sf] ;l~rt /sd *=* k|ltztn] j[l4 eO{ ?= #*) ca{ %$ s/f]8 k'u]sf] 5 eg] shf{ ;fk6L %=^ k|ltztn] j[l4 eO{ ?= @^^ ca{ %^ s/f]8 k'u]sf] 5 . gful/s nufgL sf]ifsf] ;|f]t÷pkof]u @)&& c;f/ d;fGtdf ?= !^! ca{ * s/f]8 /x]sf]df @)&& r}t d;fGtdf ?= !*! ca{ &( s/f]8 k'u]sf] 5 . ;f] cjlwdf sf]if ;+sng !)=( k|ltztn] j[l4 eO{ ?= !%^ ca{ &$ s/f]8 k'u]sf] 5 eg] shf{ ;fk6L *=( k|ltztn] j[l4 eO{ ?= $( ca{ ^@ s/f]8 k'u]sf] 5 . aLdf sDkgLx?sf] ;|f]t÷pkof]u @)&& c;f/ d;fGtdf ?= $#& ca{ @^ s/f]8 /x]sf]df @)&& r}t d;fGtdf !*=$ k|ltztn] j[l4 eO{ ?= %!& ca{ *@ s/f]8 k'u]sf] 5 .
k"FhL ahf/ @)&& c;f/ d;fGtdf !,#^@=$ /x]sf] g]K;] ;"rsf° @)&* c;f/ d;fGtdf @,**#=$ sfod ePsf] 5 . To;}u/L ahf/
k"FhLs/0f @)&& c;f/ d;fGtdf ?= !,&(@ ca{ &^ s/f]8 /x]sf]df @)&* c;f/ d;fGtdf !@#=& k|ltztn] j[l4 eO{| ?= $,)!) ca{ (^ s/f]8 sfod ePsf] 5 . cfly{s jif{ @)&&÷&* df g]kfn lwtf]kq af]8{n] ?= @# ca{ $ s/f]8 a/fa/sf] C0fkq, ?= !% ca{ !* s/f]8 a/fa/sf] ;fwf/0f z]o/, ?= !$ ca{ % s/f]8 a/fa/sf] xsk|b z]o/ / ?= ( ca{ $) s/f]8 a/fa/sf] Do'r'cn km08 u/L s'n ?= ^! ca{ ^& s/f]8 a/fa/sf] lwtf]kq ;fj{hlgs lgisfzg ug{ cg'dlt lbPsf] 5 . cfly{s jif{ @)&&÷&* df !^ jfl0fHo a}+s, $ ljsf; a}+s / ! ljQ sDkgL u/L @! a}+s tyf ljQLo ;+:yfx?n] ?= ^(
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ca{ ^) s/f]8sf] C0fkq lgisfzg ug{ g]kfn lwtf]kq af]8{af6 :jLs[lt k|fKt u/]sf 5g\ . @)&* c;f/ d;fGtdf a}+s tyf ljQLo ;+:yfaf6 C0fkq dfkm{t\ ?= !)) ca{ #* s/f]8 ljQLo ;fwg kl/rfng ePsf] 5 .
;xsf/L ;+:yf @)&& c;f/ d;fGtdf ;xsf/L ;+:yfx?sf] art kl/rfng ?= #%) ca{ %* s/f]8 /x]sf]df @)&& r}q d;fGtdf
?= $&& ca{ (^ s/f]8 k'u]sf] 5 . ;f] cjlwdf ;xsf/L ;+:yfx?af6 k|jfx ePsf] C0f ?= #$! ca{ &! s/f]8af6 j[l4 eO{ ?= $@^ ca{ @^ s/f]8 k'u]sf] 5 .
ljkGg ju{ shf{ jfl0fHo a}+s, ljsf; a}+s / ljQ sDkgLn] cfkm\gf] s'n shf{ nufgLsf] Go"gtd % k|ltzt ljkGg ju{df k|jfx ug'{kg]{
Joj:yf /x]sf]df @)&* c;f/ d;fGtdf s'n shf{sf] & k|ltzt k|jfx ePsf] 5 .
;x'lnotk"0f{ shf{ pTkfbg clej[l4, /f]huf/L l;h{gf / pBdzLntf ljsf;sf nflu g]kfn ;/sf/sf] Aofh cg'bfgdf ;~rflnt ;x'lnotk"0f{
shf{ sfo{qmd cGtu{t @)&* c;f/;Dddf !,)$,!)( C0fLnfO{ ?= !^! ca{ $$ s/f]8 shf{ k|jfx ePsf] 5 . o;dWo] s[lif tyf kz'k+IfL Joj;fodf $^,)%& C0fLnfO{ ?= !)^ ca{ (* s/f]8 / %%,%%! dlxnf pBdLnfO{ ?= %) ca{ (* s/f]8 shf{ nufgL ePsf] 5 . ;x'lnotk"0f{ shf{sf cGo * zLif{s cGtu{t @,%)! C0fLx?;F+u ?= # ca{ $* s/f]8 shf{ nufgLdf /x]sf] 5 .
sf]le8–!( nlIft shf{
k'g/shf{ sf]le8–!( dxfdf/Laf6 k|efljt cy{tGqsf] k'g?Tyfgsf] nflu tf]lsPsf k]zf, pBd / Joj;fox?nfO{ Aofhb/df ;x'lnot
lbg] p2]Zon] sfof{Gjogdf NofOPsf] k'g/shf{ ;'lawfsf] Joj:yfaf6 @)&* c;f/ d;fGt;Dddf $*,*() C0fLnfO{ ?= !$* ca{ &% s/f]8 k'g/shf{ :jLs[t ePsf] 5 .
rfn' k"FhL shf{ sf]le8–!( af6 cltk|efljt pBf]u Joj;fo ;'rf? Ufg{ ;xhLs/0f ug]{ p2]Zon] rfn' k"FhL shf{ pkof]u u/]sf C0fLnfO{
rfn' k"FhL shf{sf] clwstd @) k|ltzt yk shf{ pknAw u/fpg ;Sg] Joj:yf ul/Psf]df !^,!*@ C0fLnfO{ ?= !$ ca{ @$ s/f]8 o:tf] shf{ k|jfx ePsf] 5 . cfjlws shf{ dfq pkof]u u/]sf C0fLnfO{ ;f]xL shf{sf] lwtf]df clwstd !) k|ltzt ;Dd yk shf{ pknAw u/fpg ;Sg] Joj:yf ul/Psf]df &,@^( C0fLnfO{ ?= ( ca{ #^ s/f]8 shf{ k|jfx ePsf] 5 .
shf{sf] u|]; cjlw yk sf]le8–!( sf] sf/0f kl/of]hgf lgdf{0f ;DkGg÷;+rfng x'g g;s]sf] cj:yfdf a}+s tyf ljQLo ;+:yfn] shf{sf] u|]; cjlw
yk ug{;Sg] Joj:yf ul/Psf]df ((# C0fLsf] hDdf ?= %@ cj{ shf{sf] u|]; cjlw yk ePsf] 5 . o;dWo], Go"g Kf|efljt !&$ C0fLsf] ?= # ca{ (% s/f]8 shf{ ^ dlxgf, dWod k|efljt #@! C0fLsf] ?= !* ca{ $! s/f]8 shf{ ( dlxgf / clt k|efljt $(* C0fLsf] ?= @( ca{ ^# s/f]8 shf{sf] u]|; cjlw ! jif{ yk ePsf] 5 .
shf{sf] e'QmfgL cjlw yk sf]le8–!( sf] sf/0f shf{sf] ;fFjf / Aofh e'QmfgL ug{ ;d:ofdf k/]sf C0fLx?sf nflu shf{ e'QmfgL cjlw yk ug]{
Joj:yf eP adf]lhd !(,&*^ C0fLsf] hDdf ?= (# cj{ ^# s/f]8 shf{sf] e'QmfgL cjlw yk ePsf] 5 . o;dWo], Go"g k|efljt ljleGg k]zf, pBf]u / Joj;fosf &,^** C0fLsf] ?= #) ca{ # s/f]8 shf{sf] e'QmfgL cjlw ^ dlxgf, dWod k|efljt &,**& C0fLsf] ?= @* ca{ @& s/f]8 shf{sf] e'QmfgL cjlw ( dlxgf / clt k|efljt $,)!@ C0fLsf] ?= !$ ca{
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$& s/f]8 shf{sf] e'QmfgL cjlw ! jif{ yk ePsf] 5 . sf]le8–!( af6 clt k|efljt ko{6g nufot tf]lsPsf pBf]u Joj:ffo If]qsf !(( C0fLsf] ?= @) ca{ *^ s/f]8 shf{sf] e'QmfgL cjlw @ jif{sf] nflu yk ePsf] 5 .
shf{sf] k'g/;+/rgf tyf k'g/tflnsLs/0f shf{sf] k'g/;+/rgf tyf k'g/tflnsLs/0f ug{ ;Sg] Joj:yf adf]lhd @)&& k'; d;fGt;Dd sf]le8–!( af6 k|efljt If]qsf
@!,^!& pBdL Joj;foLsf] ?= !@( ca{ @! s/f]8 shf{ k'g/;+/rgf tyf k'g/tflnsLs/0f ePsf] 5 .
Joj;fo lg/Gt/tf shf{ sf]le8–!( k|efljt ko{6g / 3/]n', ;fgf tyf demf}nf pBd If]qsf] Joj;fo lg/Gt/tfdf ;xof]u k'¥ofpg tL If]qsf >lds
tyf sd{rf/Lsf] kfl/>lds e'QmfgLsf nflu g]kfn ;/sf/af6 Joj:yf ul/Psf] Joj;fo lg/Gt/tf shf{ sfo{qmd cGt/u{t @)&* c;f/ ;Dddf ?= (% s/f]8 ^& nfv :jLs[t eO{ ?= &# s/f]8 ^* nfv nufgLdf /x]sf] 5 .
-#_ rfn' cf= j= sf] pknJwL / eljiodf ug{'kg]{ s'/fsf] ;DaGwdf ;+rfns ;ldltsf] wf/0ff M
o; k|ltj]bg tof/ kfbf{sf] cjlw;Dd klxnf] q}df;sf] ljQLo ljj/0f tof/ gePsfn] o; lzif{sdf s]lx ;dfj]z gul/Psf] .
-s_ u|fxs ;]jf tyf ;'rgf k|ljwLsf] ;DaGwdf M cfhsf] o; k|lt:kwf{Tds ljZj jhf/df a}lsË If]qdf ;"rgf tyf k|ljlwsf] lta| ultdf eO{/x]sf] kl/jt{gnfO{
;dofgs'n cfTd;fy ub}{ o; a}+snfO{ ;jn, ;Ifd Pj+ k|lt:klw{ ;"rgf k|ljlwo''Qm agfO{ ;]jfu|fxLnfO{ ;/n, ;xh Pj+ l56f] 5l/tf] ?kdf a}lsË ;]jf k|bfg ug{] p2]Zon] ;"rgf k|ljlwsf] ;+oGqdf :t/ j[l4 ub}{ laleGg lsl;dsf cTofw''lgs ;]jfx? k|bfg ub]{{ cfO{/x]sf] 5 .
ATM ;]jf M u|fxsx?sf] ;''ljwfnfO{ dWogh/ ub}{ o; 8]enkd]G6 a}+sn] leiff 8]lj6 sf8{ ;+rfngdf NofO{ pQm sf8{df Chip based EMV ;]jf yk ul/Psf] 5 eg ] Paper based Pin nfO{ la:yflkt u/L u|fxsnfO{ Mobile OTP sf] dfWodaf6 Green Pin ;]jf ;d]t lbb}+ cfO/x]sf]5 . o;af6 u|fxsju{x?nfO{ ;xh ?kdf ;]jf k|bfg ug{ ;lsg] ljZjf; lnPsf] 5 . xfn;Dd o; 8]enkd]G6 a}+sn] cfkm\gf] #! :yfgjf6 ATM ;]jf k|bfg ub}{ cfO{/x]sf] 5 . ;fy}, 8]lj6 sf8{ k|fKt u/]sf u|fxs dxfg'efjx?nfO{ nfe xf];\ p2]Zon] ljleGg ;+:yfx? h:t} c:ktfn, xf]6n tyf cGo ;]jf k|bfos ;+:yfx?;Fu ;Demf}tf u/L pQm ;+:yfx?n] k|bfg ug]{ ;]jf pkef]u u/] jfkt lglZrt k|ltzt ;Ddsf] /sd 5'6 x'g] Joj:yf ;d]t ldnfOPsf] 5 . lgs6 eljiodf qm]l86 sf8{sf] ;d]t ;'ljwf lbg;Sg] u/L 8]enkd]G6 a}+sn] sfo{ cufl8 a9fPsf] 5 .
Bank Smart & SMS ;]jf M u|fxs dxfg'efjx?nfO{ ;lhnf] ?kdf cfkm\gf] 3/÷sfof{nodf j;L cfkm\gf] sf/f]jf/ jf/] hfgsf/L k|fKt ug{sf] ;fy} u|fxsn] o; a}+sdf /x]sf] cfkm\gf] vftfaf6 l;w} csf]{ a}+s tyf laQLo ;+:yfdf /x]sf] vftfdf tyf cGo a}+saf6 o; a}}+s /x]sf] vftfdf /sd /sdfGt/0f ug{ ;lsg] cfw'lgs Bank Smart ;]jf, Mobile Banking ;]jfnfO{ cku|]8 u/L Bio-metric Login, lan e'QmfgL ;]jf ;d]t yk u/]sf] 5 . o;/L u|fxsx?n ] I-Banking, E-Sewa, Khalti h:tf ;]jfx?af6 k};f k7fpg], lah''nL tyf 6]lnkmf]gsf] lan e''QmfgL h:tf ;]jfx? k|of]u ub}{ cfO{/x]sf 5g . o; a}+ssf sl/a ^!,&(& hlt ;]jfu|fxLx?n] pQm ;]jf pkef]u ub}{ b}lgs cfkm\gf] vftfdf ePsf] sf/f]jf/sf] ;xh} SMS ;]jfaf6 hfgsf/L k|fKt ub}{ cfO{/x]sf 5g\ . 8]enkd]G6 a}+sn] xfn;fn } Online Account Opening, Online Fixed Deposit, QR Payment, QR Scanner tyf Online Loan Application sf] Aoj:yf ;d]t u/]sf] 5 .
cGt/ a}+s e''QmfgL k|0ffnL ;]jf M o; 8]enkd]G6 a}+sn] g]kfn lSnol/Ë xfp; lnld6]8;+u ;Demf}tf u/L cGt/a}+s e'QmfgL k|0ffnL ;]jfaf6 cGo a}+s tyf laQLo ;+:yfx?af6 o; a}+sdf /x]sf] vftfdf l;w} /sd hDdf
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ug{ ldNg] tyf o; a}+sdf /x]sf] cfkm\gf] vftfaf6 cGo a}+sdf /sd k7fpg'sf] ;fy} laleGg ;+:yfx?n] k|bfg ug]{ gub nfef+z o; a}+sdf /x]sf] vftfdf ;xh} hDdf ug{ ;Sg] h:tf ;]jfx? k|bfg ub}{ cfO{/x]sf] 5 . o;/L a}+sn] Connect IPS ;]jfdf Real Time Payment & Settlement ;]jf ;d]t yk u/L cfkmgf] a}+s vftfaf6 cgnfOg tyf df]afOn PK;af6 lan e''Qmfg tyf /sd 6fG;km/ ug{ ;lsg], /fh:j e''QmfgL, df]afOn jfn]6 z]o/ a|f]s/ e''QmfgL, qm]l86 sf8{ lan e''QmfgL RTGS ;]jf h:tf ;]jfx? k|bfg ub}{ cfO{/x]sf] 5 .
cfZjf ;]jf M 8]enkd]G6 a}+sn] cfkm\gf u|fxsx?nfO{ laleGg sDkgLx?sf] ;fj{hlgs z]o/ lgisfzgsf] qmddf cfZjf -ASBA) k|0ffnL dfkm{t tL sDkgLx?sf] z]o/ nufgLdf cfa]bg lbg ;Sg] ;fy} l;w} laB''tLo dfWodaf6 ;d]t cfa]bg eg{ ;Sg] Aoj:yf u/]sf] 5 . of] ;]jf o; 8]enkd]G6 a}+sdf vftf ePsf u|fxsx?n] 8]enkd]G6 a}+ssf] ;Dk""0f{ zfvfx?af6 k|fKt ug{ ;Sg] 5g\ .
lgIf]k ;b:o ;]jfM g]kfn lwtf]kq af]8{ / l;l8P; P08 lSnol/Ë lnld6]8af6 8]enkd]G6 a}+sn] lgIf]k ;b:osf] cg'dlt k|df0fkq k|fKt u/L lgIf]k ;b:on] lbg] ;]jf rfn' cfly{s jif{df z'? u/]sf] 5 . o; lsl;dsf] cg'dlt k|fKt u/];Fu} a}+sn] l8Dof6 vftf vf]Ng] sfo{ ;'rf? ul/;s]sf] 5 .
o;} u/L ljutsf jif{x?b]lv g} 8]enkd]G6 a}+sn] cfkm\gf u|fxsx?nfO{ ABBS ;]jf, s]xL zfvfx?af6 zlgaf/ tyf ;fj{hlgs labfsf lbgx?df ;d]t sfpG6/ vf]nL lgIf]k lng] tyf r]sx?sf] e''QmfgL lbg] h:tf #^% lbg] a}+lsË ;]jf tyf laleGg ljk|]if0f sDkgLx?;+u ;Demf}tf u/L laleGg d''n''sx?af6 k7fPsf] /sd e''QmfgL ug]{ tyf :jb]z leq Ps :yfgaf6 csf]{ :yfgdf /sd k7fpg] / k7fPsf] /sd e''QmfgL lbg] / u|fxsx?sf] ax'd"No ;fdfgx?, ;'g rfFbL tyf cGo sfuhftx?sf] ;'/Iffsf] nflu laleGg zfvfx?af6 ns/ ;]jf pknAw u/fpb} cfO{/x]sf] 5 .
-v_ zfvf ;~hfn lj:tf/ M :yfgLo ljsf;sf] cfwf/ eGg] cfkm\gf] d''n gf/fnfO{ cfTd;fy ub}{ 8]enkd]G6 a}+sn] :yfkgf sfn b]lv g}+ u|fdL0f
If]qsf hgtfx? lar cfw'lgs a}+lËs ;]jf, ;'ljwf k|bfg ub}{ cfO{/x]sf] oxfFx? ;fd' ;j{ljlwt g} 5 . ;fy} b]z ;+3Lotfdf uO{;s] kZrft g]kfn ;/sf/ tyf g]kfn /fi6« a}+ssf] :yfgLo :t/df zfvf ;~hfn k''/\ofpg] gLltnfO{ canDag ub}{ 8]enkd]G6 a}+sn] cfkm\gf] :yflkt zfvfx?sf] ljsf; tyf gofF Zffvf la:tf/ ug]{ gLlt cg'?k cfjZostfsf] klxrfg tyf laleGg :yfgx? 5gf}6 u/L ;ft} j6f k|b]zsf :yfgLo txx?df cfkm\gf] pkl:ytL dfkm{t zfvf ;+hfnnfO{ la:tf/ ub}{ ;ldIff jif{sf] clGtddf a}+ssf] zfvf ;+Vof hDdf (% /xsf] 5 eg] ;f] kZrft of] laQLo ljj/0f tof/ kbf{sf] lbgDd xflsdrf]s zfvf e/tk'/, lj/f6gu/ zfvf df]/Ë, lj/u+h zfvf jf/f u/L # j6f yk zfvfx? ;+rfngdf NofO{ xfn zfvf ;+Vof (* /x]sf 5g\ eg]] cffkm\gf] Aoj;fo j[l4 / lj:tf/sf nflu o;} rfn' cfly{s jif{df pkTosf leq / aflx/ u/L cGo yk !* j6f zfvf lj:tf/ ug]{ gLlt lnPsf] Joxf]/f ;DdfgLt ;ef ;dIf hfgsf/L u/fpFb5' .
-u_ cfGtl/s lgoGq0f k|0ffnLsf] ljj/0f M g]kfn /fi6« a}+ssf] lgb]{zg, a}+s tyf laQLo ;+:yf ;DaGwL P]g @)&# sf] bkmf !$ / !% df ePsf] Aoj:yf adf]lhd
;~rfns ;ldltn] cfkm\gf] hjfkmb]xLtfdf u}/ sfo{sf/L ;+rfnsx?sf] ;+of]hsTjdf cfGtl/s n]vf k/LIf0f ;ldlt, hf]lvd Joj:yfkg ;ldlt, sd{rf/L ;]jf ;'lawf lgwf{/0f ;ldlt / ;DklQ z'l4s/0f lgjf/0f ;DaGwL ;ldlt u7g u/L pQm ;ldltsf] a}+7sdf eP u/]sf sfd sf/jfxLx? ;+rfns ;ldltsf] a}+7sdf ;d]t hfgsf/L u/fO{ 5nkmn u/L cfjZos lgb]{zg lbg] u/]sf] 5 . To:t} Joj:yfkg :t/df kbk"lt{ ;ldlt, cfly{s k|zf;g pk–;ldlt, ;DkQL tyf bfloTj pk–;ldlt (ALCO) / vl/b pk–;ldlt u7g u/L 8]enkd]G6 a}+sn] cfGtl/s lgoGq0f k|0ffnLnfO{
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Jojl:yt ug{ ljleGg ljlgodfjnL, gLlt, lgb]{zg, sfo{ljlw tyf dfu{bz{gx? Kff/Lt u/L cfjZostf cg';f/ g]kfn /fi6« a}+saf6 :jLs[lt lnO{ tyf hfgsf/L u/fO{ nfu'' u/]sf] 5 .
o; 8]enkd]G6 a}+ssf u}/ sfo{sf/L ;~rfnssf] ;+of]hsTjdf ul7t n]vf k/LIf0f ;ldltn] 8]enkd]G6 a+}ssf] ljQLo sf/f]af/sf] q}dfl;s ?kdf a}+7s a;L cg'udg ug]{, cfGtl/s lgoGq0fnfO{ k|efjsf/L t'Nofpb} cfO/x]sf] 5 . a}+ssf] cfGtl/s n]vfk/LIf0f ljefun] b}lgs ?kdf sfo{ ;Dkfbg sf/f]jf/x?sf] n]vfhf]vf tyf hfFr ug]{ ;fy} d"Nof°g, cWoog tyf lgoGq0fsf] ?kdf cfGtl/s n]vf k/LIf0f u/L, lgoGq0f k|0ffnLnfO{ r':t / b'?:t /fVg] ul/Psf] 5 eg] pQm cfGtl/s n]vfk/LIfsn] cf}NofPsf s}lkmot tyf q''l6x?nfO{ tTsfn} ;''wf/ ub}{ cfO{/x]sf] 5 .
-3_ ;DklQ z'l4s/0f lgjf/0f tyf u|fxs klxrfg M ;DklQ z'l4s/0f tyf cft+safbL lqmofsnfkdf laQLo nufgL lgjf/0f ;DaGwL sfo{sf] k|efjsf/L lgoGq0fsf nflu
o; a}+sn] ;DklQ z'l4s/0f lgjf/0f P]g, @)^$, ;DklQ z'l4s/0f lgjf/0f lgodfjnL @)&#, g]kfn /fi6« a}+s, laQLo hfgsf/L OsfO{n] hf/L u/]sf lgb]{zg tyf kl/kq adf]lhd cfjZos gLlt k|lqmofsf] th'{df u/L lg/Gt/ ?kdf sfof{Gjog ub}{ cfPsf] 5 .
;f] sf] k|efjsf/L ?kdf sfof{Gjog ug{ a}+ssf ;~rfns >L ;'lzn sfhL aflgof+sf] ;+of]hsTjdf ;DklQ z'l4s/0f tyf cft+safbL sfo{df laQLo nufgL lgjf/0f ;DaGwL ;ldlt u7g ul/Psf] 5 . o; ;ldltn] u/]sf lg0f{ox? tyf ePsf sfo{x? ;~rfns ;ldltdf 5nkmn ug]{ ul/Psf] 5 . o; 8]enkd]G6 a}+sn] AML/CFT OsfO{ v8f u/L u|fxs klxrfg, go AML k|ljlwsf] ljsf;, AML and CDD Policy tyf CDD Procedures agfO{ pQm OsfO{n] k|To]s zfvfx?df cfjZos sd{rf/L tf]sL ;DklQ z'l4s/0f lgjf/0f ;DaGwL P]g tyf lgb]{zgx?sf] sfof{Gjog ub}{ cfPsf] 5 .
-$_ k"FhL j[l4 tyf ;+/rgf ;DaGwdf M cfly{s jif{ @)&&÷&* sf] cGTodf 8]enkd]G6 a}+ssf] r'Qmf k"FhL ?= @,&#,^(,&@,$@)÷– -b'O{ cj{ qLxQ/ s/f]8 pgfG;Q/L
nfv axQ/ xhf/ rf/;o aL;_ sfod /x]sf] 5 . ;+:yfks ;d"xsf] z]o/ :jfldTj %! k|ltzt /x]sf] 5 eg] ;j{;fwf/0f ;d"xsf] z]o/ :jfldTj $( k|ltzt /x]sf] 5 . ;f+lu|nf 8]enkd]G6 a}+s lnld6]8 / cGo O{hfhtkq k|fKt a}+s tyf laQLo ;+:yfx? Ps cfk;df ufEg] ufleg] tyf o; ;f+lu|nf 8]enkd]G6 a}+s lnld6]8n] cGo laQLo ;+:yfx?nfO{ k|flKt ug]{ sfo{ v'nf ?kdf cl3 a9fpg] 8]enkd]G6 a}+ssf] of]hgf /xg]5 .
-%_ dfgj ;+zfwg Joj:yfkg M ;ldIff jif{sf] cfiff9 d;fGtdf 8]enkd]G6 a}+sdf s'n &#% hgf sd{rf/Lx? sfo{/t /x]sf 5g\ . h;dWo] !@& hgf gofF
sd{rff/L lgo'lQm tyf ^% hgf sd{rf/Lx? ;]jfaf6 cnu ePsf 5g\ . 8]enkd]G6 a}+ssf] s'n sd{rf/L ;+Vof dWo] ##* hgf -$%=(( k|ltzt_ dlxnf sd{rf/Lx? /x]sf 5g\ . a}+s tyf laQLo ;+:yf eg]sf] b]z ljsf;sf] Ps lhDd]jf/ Pj+ cfly{s d]?b08 ePsf]n] /fi6«sf] x/]s cfly{s ultljlwx?df o;sf] k|ToIf k|efj kg]{ ub{5 . bIf hgzlQm ljgf s'g} klg ;+:yf ;kmntf k"j{s cuf8L a9\g g;Sg] ;fy} cfhsf] o; k|lt:kwf{Tds o'udf bIf hgzlQm lagf s'g} klg ;+:yfsf] ;kmntfsf] kl/sNkgf ug{ g;lsg] ePsf]n] cfkm\gf] hgzlQmnfO{ k|lt:kwL{x?sf] lar ;Ifd agfO{ cfkm\gf u|fxsx?nfO{ cfw'lgs ;]jf Pj+ ;'lawfx? k|bfg ug{ plrt k|lzIf0f Pj+ tflndsf] cfjZostfnfO{ b[li6ut u/L 8]enkd]G6 a}+sn] sfo{/t sd{rf/Lx?nfO{ cfjZostf cg';f/sf] afx|o tyf cfGtl/s tflndx? ljleGg ;dodf u/fpFb} cfO/x]sf] 5 . afx|o tfnLd cGtu{t ljleGg k|ltli7t ;+:yfx?n] ;~rfng ug]{ tfnLd tyf sfo{zfnf uf]i7Ldf cfjZostf cg';f/ slgi7 tx b]lv sfo{sf/L txsf sd{rf/Lx?nfO{ ;xefuL u/fpFb} cfO{/x]sf] 5 eg] Aoj:yfkg txsf sd{rf/Lx?nfO{ 8]enkd]G6 a}+ssf] cfjZostf cg';f/ a}b]zLs tflnd gLlt tof/ u/L lab]zdf ;d]t k7fpg] u/]sf] 5 . To:t} 8]enkd]G6 a}+sn] ljleGg ljefudf sfo{/t dfgj ;+zfwgsf] sf/f]jf/sf] k|s[tLsf] cfwf/df cfGtl/s ?kdf ;d]t tfnLd k|bfg ub}{ cfO{/x]sf]] 5 eg]
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gofF lgo''Qm u/]sf slgi7 :t/sf sd{rf/Lx?nfO{ cfGtl/s tyf aflx/af6 ;d]t k|lzIfs NofO{ cled''lvs/0f ;DaGwL tflnd k|bfg ub}{ cfO{/x]sf 5 . ;fy} xfn sf]le8–!( sf] kl/l:ytLdf Online dfkm{t ;d]t tflnd k|bfg ul/Psf] / cfufdL lbgx?df klg o;nfO{ lg/Gt/tf lbg] gLlt a}+sn] lnPsf] 5 .
g]kfn /fi6« a}+saf6 a}}+s tyf laQLo ;+:yfx?nfO{ hf/L lgb]{zg cg''?k s''n sd{rf/L tna eQf vr{sf] tLg k|ltztn] x''g] /sd sd{rf/Lsf] tflnd tyf j[l4 ljsf;df vr{ ug''{kg]{ Aoj:yf eP adf]lhd ;ldIff jif{df 8]enkd]G6 a}+sn] cfGtl/s tyf afx|o u/L sl/a ;Dk"0f{ sd{rf/Lx?nfO{ tflnddf ;xeflu u/fO{ hgzlQm tfnLddf ?= @,*&*,@!&÷– vr{ u/]sf] 5 . dfl;s ?kdf pRr Joj:yfkg, ljefuLo k|d'v / zfvf k|d'v ljr ljleGg zfvfx?sf] sf/f]jf/, k|utL ljj/0f / ;d:ofx?jf/] 5nkmn tyf efjL of]hgf jf/] k|lzIf0f tyf cGt/lqmof ub}{ cfO{/x]sf] 5 .
-^_ ;+:yfut ;'zff;g M s''g} klg ;+:yfsf] ;kmntf d"n ?kdf To; ;+:yfn] cjnDag ug]{ s''zn ;+:yfut ;''zf;gsf cEof;x?df lge{/ x''g] ub{5 . ;+:yfut ;'zf;g lagf s'g} klg ;+:yf nfdf] ;do tyf lbuf] ?kdf cufl8 a9\g g;Sg] x''Fbf ljZj;gLo Joj;fo ;+rfngsf] nflu ;+:yfut ;'zf;g k|d'v cfwf/ xf] eGg] dfGotfdf a}+s k|lta4 /xL ;f]xL adf]lhd o;sf d'ne"t dfGotfx? hjfkmb]lxtf, kf/blz{tf / O{dfGbfl/tfnfO{ a}+sn] ;b}a kfngf ub}{ cfO{/x]sf] 5 . k|rlnt P]g lgod, g]kfn /fi6« a}+s tyf cGo lgodgsf/L lgsfox?af6 hf/L lgb]{zg tyf a}+ssf] cfkmg} gLlt lgod tyf lgb]{lzsf adf]lhd sfo{ ;+rfng ub}{ cfO{/x]sf] 5 . o;/L cfjZos gLlt lgodx? ;dofg's'n ;+zf]wg ;lxt cBfjlws u/L nfu' ug]{ sfd lg/Gt/ eO{/x]sf] 5 eg] a}+sn] cfkm\gf] ljQLo ljj/0fx? tyf lgodgsf/L lgsfo dfkm{t lgwf{/0f ul/Psf ;"rgf tyf k|ltj]bgx? ;/f]sf/jfnf lgsfox?;+u k]z ug{'sf] ;fy} k|sfzg u/L cfkm\gf] j]j;fO{6df ;d]t /fVb} cfO{/x]sf] 5 .
o;/L o; 8]enkd]G6 a}+sn] a}+s tyf laQLo ;+:yf ;DaGwL P]g, g]kfn /fi6« a}+s tyf cGo lgodgsf/L lgsfox?4f/f hf/L gLlt, lgb]{zg tyf kl/kqx?sf] ;~rfns tyf sd{rf/Lx?n] kfngf ug'{kg]{ cfr/0fx? pRr k|fyldstfsf ;fy kfngf ub]{ cfO{/x]sf] / eljiodf ;d]t k"0f{ ?kdf kfngf ul/g] 5 .
-&_ cf}Bf]uLs jf Joj;flos ;DaGw M 8]enkd]G6 a}+sn] cfkm\gf] Aoj;flos ;DaGw tyf sf/f]jf/ lj:tf/sf] nflu g]kfn pBf]u jfl0fHo dxf;+3, g]kfn pBf]u
kl/;+3, g]kfn r]Da/ ckm sd;{ sf7df08f}+sf] ;b:otf lng'sf] ;fy} :yfgLo :t/df /x]sf ;+3÷;+:yf, laleGg ;/sf/L tyf u}x| ;/sf/L sfof{no, sd{rf/Lx?;+u Joj;foLs / sf/f]jf/sf] ;DaGw km/flsnf] agfpb} cufl8 jl9/x]sf] 5 .
lgodgsf/L lgsfox? g]kfn /fi6« a}+s, sDkgL /lhi6«f/ sfof{no, g]kfn lwtf]kq jf]8{, g]kfn :6s PS;r]Gh, l;l8P; P08 lSnol/Ë lnld6]8, ljleGg a}+s tyf ljlQo ;+:yfx?, g]kfn ;/sf/ / ;/sf/L tyf u}/ ;/sf/L ;+3 ;+:yfx?, 8]enkd]G6 a}°;{ Pzf]l;P;g nufot 8]enkd]G6 a}+s;+u ;Da4 cGo ;+3 ;+:yfx? tyf ;/f]sf/jfnfx?;+usf] ;f}xfb{k""0f{ Aoj;flos ;DaGw la:tf/ ub{} nluPsf] / a}+s tyf u|fxs dxfg'efjx? ljrsf] sf/f]jf/ ;DaGw / ;'/IffnfO{ Wofgdf /fvL ;'dw'/ ;DjGw sfod ul/Psf] hfgsf/L u/fpFb5' .
-*_ ;+:yfut ;fdflhs pQ/bfloTj M a}+sn] cfkm\gf] d'gfkmfdf dfq s]lGb|t geO{ ;fdflhs If]qdf klg s]xL of]ubfg k'¥ofpg' kb{5 eGg] s'/fnfO{ cfTd;fy ub}{
lautsf jif{x?df em} o; sfo{nfO{ lg/Gt/tf lbb} ;+:yfut ;fdflhs pQ/bfloTj sfo{qmd cGt{ut ljleGg sfo{s|dx?df cfkm} k|ToIf jf k/f]If ?kdf tyf cGo ;+:yfx?n] u/]sf] sfo{qmddf cfly{s ?kdf ;xof]u u/L ;lqmo ;xeflutf hgfpb} cfO/x]sf]5 .
g]kfn /fi6« a}+ssf] O{=k|f= lgb]{zg g+= ^ sf] !^ adf]lhd a}+sn] ;dLIff jif{df v'b d'gfkmfsf] ! k|ltztn] x'g] ?= $!,)),*)%÷– ;+:yfut ;fdflhs pQ/bfloTj sf]ifdf ljlgof]hg u/]sf] 5 . h'g cl3Nnf] cf= j= df pQm sf]ifdf v'b d'gfkmsf] ! k|ltztn] x'g] ?= !(,!),(&*÷– ;+:yfut ;fdflhs pQ/bfloTj sf]ifdf ljlgof]hg u/]sf] lyof] . o;/L ;ldIff jif{df 8]enkd]G6 a}+sn] s]Gb|Lo sfof{no tyf ljleGg zfvf sfof{nox?af6 ;ft}j6f k|b]zdf g]kfn /fi6« a}+sn] a}+s tyf ljQLo ;+:yfx?nfO{ hf/L O{=k|f=lgb]{zg g+= ^ sf] !^ adf]lhd ljleGg lzIff, :jf:Yo, v]ns'b, wfld{s cg'i7fg, j[4fcf>fd, c;xfo tyf lk5l8Psf]
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If]qsf åGblkl8t afnaflnsf tyf laBfnox?sf c;xfo ljBfyL{x?nfO{ 5fqj[lt, ljQLo ;fIf/tf sfo{qmd, u}x| ;/sf/L ;+:yfx?n] ug]{ :jf:Yo ;DaGwL lzlj/ tyf jftfj/0fLo ;DaGwL sfo{qmdx?df ;+:yfut ;fdflhs pQ/bfloTj sfo{qmd cGtu{t ?= !(,!),(&*÷– a/fa/ vr{ u/]sf] 5 . o;/L eljiodf ;d]t ;fdflhs pQ/bfloTj sfo{x?df cem} lg/Gt/ ?kdf ;xof]u hf/L /xg] 5 .
-(_ ;~rfns ;ldltdf ePsf] x]/km]/ M o; 8]enkd]G6 a}+ssf] lgoddfjnLdf ePsf] Joj:yf adf]lhd ;+:yfks z]o/wgLx?sf] ;d"x æsÆ af6 # hgf, ;j{;fwf/0f
z]o/wgLx?sf] ;d"x ævÆ af6 # hgf / ! hgf :jtGq ;~rfns u/L s'n & ;b:oLo ;~rfns ;ldlt /xg] Aoj:yf 5 . cl3Nnf] cf= j=sf] t'ngfdf o; cf= j=df ;~rfns ;ldltdf s'g} x]]/km]/ ePsf] 5}g . xfn 8]enkd]G6 a}+sdf lgDg adf]lhd ;~rfnsx? /xg' ePsf] 5 .
ljj/0f M
s|=;+= Gffd Kfb 7]ufgf ! >L cRo't k|;fb k|;fO{ cWoIf g]kfnu+h –@, af+s]@ >L ;''lzn sfhL aflgof+ ;~rfns w''Da/fxL –$, sf7df08f}+ # >L g/]z dfg t'nfw/ ;~rfns u0faxfn –@!, sf7df08f}+$ >L u+uf ;fu/ 9sfn ;~rfns ;j{;fwf/0f tkm{af6 cflwvf]nf –^, :ofËhf % >L ln;f z]/rg ;~rfns ;j{;fwf/0f tkm{af6 6f]vf–#, sf7df08f}+ ^ >L /fh'gfy vgfn :jtGq ;~rfns DofUb] –!, u'0ffbL, tgx'+& >L lgltz u'Ktf ;~rfns ;j{;fwf/0f tkm{af6 g]kfnu+h –!, af+s]
-!)_ sf/f]jf/nfO{ c;/ kfg]{ d'Vo s'/fx? M 8]enkd]G6 a}+ssf] sf/f]jf/nfO{ c;/ kfg{ d'Vo s'/fx? lgDgfg';f/ /x]sf 5g M
s_ ljZj dxfdf/Lsf] ?kdf km}lnPsf] sf]le8 –!( sf] sf/0f ;dod} shf{ c;'nL tyf Aofh e'Qmfg x'g g;sL pTkGg x'g] hf]lvdx? .
v_ ;"rgf tyf k|ljlwsf] ljsf;;+u} a}+s tyf laQLo ;+:yfx?df cfly{s ck/flws ultljwLx? a9\b} uO{/x]sf] sf/0f x'g] hf]lvdx? .
u_ /fhgLlts kl/jt{gsf sf/0f pTkGg x'g] hf]lvdx? .
3_ k"+hL ahf/df cfpg] ptf/ r9fjsf] sf/0f x'g ;Sg] hf]lvdx? .
ª_ a}+lsË If]qdf x'g] cToflws k|lt:kwf{sf sf/0f x'g] hf]lvdx? .
r_ t/ntfdf x'g] ptf/ r9fjsf sf/0f lgIf]k tyf shf{ nufgLsf] Aofhb/df x'g] kl/jt{gn] Aoj;fo j[l4df cfpg ;Sg] hf]lvdx? .
5_ cGt/f{li6«o ahf/df x'g] cfly{s dGbLaf6 g]kfnsf] cy{tGqdf kg]{ hf]lvdx? .
h_ /fi6«sf] cfly{s, df}lb|s tyf ljQLo gLlt kl/jt{gaf6 x'g ;Sg] ;+efljt hf]lvdx? .
-!!_ n]vf k/LIf0f k|ltj]bgsf s}lkmot pk/ ;+rfns ;ldltsf] k|ltlqmof M 8]enkd]G6 a}+ssf] lgoldt sf/f]af/sf] l;nl;nfdf x'g] ;fdfGo s}lkmot afx]s cGo 8]enkd]G6 a}+snfO{ c;/ kfg]{ hf]lvdk"0f{ ulDe/ k|s[ltsf s}lkmotx? n]vfk/LIf0f k|ltj]bgdf /x]sf 5}gg\ . cfGtl/s tyf afXo n]vf k/LIfsx?n]
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cf}+NofOPsf s}lkmotx? k|lt ;+rfns ;ldlt ;r]t /x]sf] / pQm ;'emfjx?sf] af/]df ;ldltdf 5nkmn u/L s}lkmotx?sf] ;'wf/ ug{ Joj:yfkgnfO{ lgb]{zg lbO{ s}lkmot / ;'emfjx?df ;'wf/ u/L ;lsPsf] hfgsf/L u/fpFb5f}+ .
-!@_ nfef+z af+8kmf+8 M o; 8]enkd]G6 a}+ssf] n]vfk/LIfsaf6 n]vf k/LIf0f eO{ k|fKt k|ltj]bg cg';f/ cfly{s jif{ @)&&÷&* sf] gfkmf jf gf]S;fg lx;fa ljj/0fsf cfwf/df v'b d'gfkmf ?= $!,)),*),$%& af6 ;fwf/0f hu]8f sf]ifdf @) k|ltztn] x'g] /sd ?= *,@),!^,)(! ;f/L tyf cGo cfjZos ;dfof]hgx? kZrft afFsL /x]sf] /sdaf6 ;qf} jflif{s ;fwf/0f;efsf] k|of]hgfy{ o; 8]enkd]G6 a}+sdf sfod x'g cfPsf] ? @,&#,^(,&@,$@)÷– z]o/ k"+hLsf] sf] !)=%@^# k|ltztn] x'g cfpg] nfef+z dWo] !) k|ltztn] x'g cfpg] af]g; z]o/ jfkt ?= @&,#^,(&,@$@÷– -cIf]?kL ;QfO; s/f]8 5QL; nfv ;GtfgAa] xhf/ b'O{;o aofnL; dfq_ a/fa/sf] af]g; z]o/ tyf )=%@^# k|ltztn] x'g cfpg] /sd ?= !,$$,)%,!!*÷– -cIf]?kL Ps s/f]8 rjfnL; nfv kfFr xhf/ Ps ;o c7f/ dfq_ a/fa/sf] gub nfef+z -s/ k|of]hgsf] nflu_ ljt/0f ug]{ k|:tfj o; ;Ddflgt ;fwf/0f;ef ;dIf k]z u/]sf] 5 .
-!#_ sDkgL P]g @)^# sf] bkmf !)( pkbkmf $ cg';f/sf] cltl/Qm ljj/0fx?nfO{ o;} k|ltj]bgsf] c+usf] ?kdf tn 5'§} /flvPsf] 5 .
s[t1tf
o; 8]enkd]G6 a}+snfO{ lg/Gt/ ?kdf c6'6 dfof tyf ljZjf; ub}{ cfhsf] o; cj:yf ;Dd NofO{ k''/\ofpg lg/Gt/ ;f}xfb{k""0f{ jftfj/0fdf sf/f]jf/ ub}{ cfpg'' ePsf cfb/0fLo u|fxs dxfg''efjx? k|lt xflb{s s[t1tf hfx]/ ub{5'' . a}+s ;+rfngsf] nflu xfdLnfO{ uxgtd lhDd]jf/L lbg'sf] ;fy} o; 8]enkd]G6 a}+ssf] pQ/f]Q/ k|ult tyf ;Dj[l4sf] nflu xfdLnfO{ cfkm\gf] cd'No dfu{bz{g, ;'emfj, ;Nnfx tyf k/fdz{ lbO{ lg/Gt/ cleefjssf] ?kdf ;xof]u k'¥ofpFb} cfpg' ePsf cfb/0fLo ;Dk"0f{ z]o/wgL dxfg'efjx?, a}+ssf] pGglt tyf k|ultdf lg/Gt/ ?kdf lqmofl;n /xL u|fxs ;]jfdf ;+nUg ;Dk"0f{ sd{rf/Lx?, g]kfn ;/sf/, g]kfn /fi6« a}+s, sDkgL /lhi6«f/sf] sfof{no, g]kfn lwtf]kq jf]8{, g]kfn :6s PS;r]Gh ln=, l;l8P; P08 lSnol/Ë ln=, cfGtl/s tyf afx|o n]vfk/LIfs, a}+ssf] z]o/ /lhi6«f/ nufot o; 8]enkd]G6 a}+ssf] k|ultdf k|ToIf jf ck|ToIf ?kdf ;xof]u k'¥ofp+b} cfpg' ePsf ;Dk"0f{ lgsfo Pj+ z'e]R5'sx?nfO{ ljif]z wGojfb lbg rfxG5f} .
cGTodf, oxfF+x?n] lg/Gt/ ?kdf lb+b} cfpg'' ePsf] ;fy, ;xof]u, cfTdLotf, Gofgf] dfof / ljZjf; k|lt xflb{s cfef/ k|s6 ub}{ eljiodf ;d]t lg/Gt/ ?kdf oxfFx?sf] ;fy / ;xof]u kfO{/xg] ljZjf; lnPsf 5f}+ . xfdL oxfFx?nfO{ pRr :tl/o ;]jfsf] dfWodaf6 lb3{sflng / kf/:kl/s ;DaGw / ;xof]usf] lj:tf/ ug{ k|ltj4 /x]sf] s'/f ljZjf; lbnfpg rfxG5f} .
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=================================================================== ====================================================================== u+uf ;fu/ 9sfn cRo"t k|;fb k|;fO{ ;+rfns cWoIf
ldlt M @)&*÷)&÷!^
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sDkgL P]g @)^# sf] bkmf !)( sf] pkbkmf $ cg';f/sf] cltl/Qm ljj/0f M
-s_ ljut jif{sf] sf/f]jf/sf] l;+xjnf]sg M ;~rfns ;ldltsf] k|ltj]bgdf lj:t[t ?kdf pNn]v ul/Psf] 5 .
-v_ /fli6«o tyf cGt/f{li6«o kl/l:yltaf6 sDkgLsf] sf/f]jf/nfO{ s'g} c;/ k/]sf] eP ;f] c;/ M
;~rfns ;ldltsf] k|ltj]bgdf lj:t[t ?kdf pNn]v ul/Psf] 5 .
-u_ k|ltj]bg tof/ ePsf] ldlt;Dd rfn' jif{sf] pknlAw / eljiodf ug'{kg]{ s'/fsf] ;DaGwdf ;~rfns ;ldltsf] wf/0ff M
o; rfn' cf=j=sf] c;f]h d;fGt;Dd a}+ssf] sf/f]jf/sf] l:ylt tyf eljiodf ug'{kg]{ sfdsf] ;DaGwdf ;~rfns ;ldltsf] wf/0ff ;d]t ;~rfns ;ldltsf] k|ltj]bgdf pNn]v ul/Psf] 5 .
-3_ sDkgLsf] cf}Bf]lus jf Aoj;flos ;DaGw M
;~rfns ;ldltsf] k|ltj]bgsf] a'+bf g+= & df pNn]v ul/Psf] 5 .
-ª_ ;~rfns ;ldltdf ePsf] x]/km]/ / ;f]sf] sf/0f M
o; ;DaGwdf ;~rfns ;ldltsf] k|ltj]bgsf] a'+bf g+= ( df pNn]v ul/Psf] 5
-r_ sf/f]jf/nfO{ c;/ kfg]{ s'/fx? M
o; ;DaGwdf ;~rfns ;ldltsf] k|ltj]bgsf] a'+bf g+= !) df pNn]v ul/Psf] 5 .
-5_ n]vf k/LIf0f k|ltj]bgdf s'g} s}lkmot pNn]v ePsf] eP ;f] pk/ ;~rfns ;ldltsf] k|lts[of M
o; ;DaGwdf ;~rfns ;ldltsf] k|ltj]bgsf] a'+bf g+= !! df pNn]v ul/Psf] 5 . ;fy} cf=j= @)&&÷&* sf] ljQLo ljj/0f g]kfn /fi6« a}+saf6 :jLs[t x'+Fbfsf avt lbO{Psf lgb]{zgx? o;} k|ltj]bgdf ;dfj]z ul/Psf] 5 .
-h_ nfefFz afF8kmfF8 ug{ l;kmfl/; ul/Psf] /sd M
o; ;DaGwdf ;~rfns ;ldltsf] k|ltj]bgsf] a'+bf g+= !@ df pNn]v ul/Psf] 5 .
-em_ z]o/ hkmt ePsf] eP hkmt ePsf] z]o/ ;+Vof, To:tf] z]o/sf] cl°t d'No, To:tf] z]o/ hkmt x'g eGbf cufj} ;f] jfkt sDkgLn] k|fKt u/]sf] hDdf /sd / To:tf] z]o/ hkmt ePkl5 ;f] z]o/ lalqm u/L sDkgLn] k|fKt u/]sf] /sd tyf hkmt ePsf] z]o/jfkt /sd lkmtf{ u/]sf] eP ;f] sf] ljj/0f M
o; 8]enkd]G6 a}+sn] o; cfly{s jif{df s'g} klg z]o/ hkmt u/]sf] 5}g .
-`_ ljut cfly{s jif{df sDkgL / o;sf] ;xfos sDkgLsf] sf/f]jf/sf] k|ult / ;f] cfly{s jif{sf] cGtdf /x]sf] l:yltsf] k'g/fjnf]sg M
o; 8]enkd]G6 a}+sn] ljut cf=j=df u/]sf] sf/f]jf/sf] k|ultsf] ljj/0f o;} k|ltj]bgsf] ljleGg lzif{sdf k|:t't ul/Psf] 5 eg] xfn;Dd 8]enkd]G6 a}+ssf] s'g} ;xfos sDkgL g/x]sf] Aoxf]/f cjut u/fpFb5f} .
-6_ sDkgL tyf To;sf] ;xfos sDkgLn] cfly{s jif{df ;DkGg u/]sf] k|d'v sf/f]jf/x? / ;f] cjlwdf sDkgLsf] sf/f]jf/df cfPsf] s'g} dxTjk"0f{ kl/jt{g M
8]enkd]G6 a+}ssf] ;xfos sDkgL g/x]sf] . shf{ nufgL tyf lgIf]k ;+sng tyf ljleGg ljlQo ;]jf k|bfg ug]{ lgoldt sf/f]jf/nfO{ o; jif{ klg lg/Gt/tf lbO{of] . 8]enkd]G6 a+}sn] ;dLIff jif{df u/]sf k|d'v sf/f]jf/x? / sf/f]jf/df cfPsf] kl/jt{g ;DaGwdf ljQLo ljj/0fdf k|:6 kfl/Psf] 5 .
-7_ ljut cfly{s jif{df sDkgLsf] cfwf/e"t z]o/wgLx?n] sDkgLnfO{ pknAw u/fPsf] hfgsf/L M
8]enkd]G6 a}+ssf] cfwf/e"t z]o/wgLx?af6 a}+snfO{ s'g+} To:tf] hfgsf/L pknAw u/fPsf] 5}g .
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-8_ ljut cfly{s jif{df sDkgLsf ;+rfns tyf kbflwsf/Lx?n] lnPsf] z]o/sf] :jfldTj ljj/0f / sDkgLsf] z]o/ sf/f]jf/df lghx? ;+nUg /x]sf] eP ;f] ;DaGwdf lghx?jf6 sDkgLn] k|fKt hfgsf/L
8]enkd]G6 a}+ssf] z]o/ sf/f]af/df ;~rfns tyf kbflwsf/Lx? ;+nUg /xg' ePsf] hfgsf/L 5}Gf . sd{rf/Lx?nfO{ 5'§fOPsf] z]o/ afx]s kbflwsf/Lx?n] o; sDkgLsf] z]o/ lnPsf 5}g\g . 8]enkd]G6 a}+ssf] ;+:yfks z]o/ ;j{;fwf/0f z]o/df ?kfGt/0fsf] sf/0faf6 ;~rfnsx?sf] b]xfo adf]lhd ;+:yfks tyf ;j{;fwf/0f b'a} ;d'xsf] z]o/ :jfldTj /x]sf] 5 .
;+rfns
s|=;+= ;~rfns kb k|ltlglwTj ;d'x z]o/ :jfldTj
;+:yfks ;j{;fwf/0f hDDff
!= >L cRo't k|;fb k|;fO{ cWoIf ;+:yfks ;d'x !,*@,^^# ^(,$^* @,%@,!#!
@= >L ;'lzn sfhL aflgof+ ;~rfns ;+:yfks ;d'x @@,@*^ $,()* @&,!(%
#= >L g/]z dfg t'nfw/ ;~rfns ;+:yfks ;d'x !@,!(# ^,^$! !*,*#$$= >L u+uf ;fu/ 9sfn ;~rfns ;j{;fw/0f ;d'x – #,@&* #,@&*
%= ln;f z]/rg ;~rfns ;j{;fw/0f ;d'x – !,)%) !,)%)
^= >L /fh'gfy vgfn ;~rfns :jtGq – – –
&= >L lgltz u'Ktf ;~rfns ;j{;fw/0f ;d'x – @,%)) @,%)) -9_ ljut cfly{s jif{df sDkgL;Fu ;DalGwt ;Demf}tfx?df s'g} ;+rfns tyf lghsf] glhssf] gft]bf/sf] JolQmut :jfy{sf]
jf/]df pknJw u/fPsf] hfgsf/Lsf] Aoxf]/f M
cf= j= @)&&÷&* df 8]enkd]G6 a}+s;Fu ;DalGwt ;Demf}tfx?df ;+rfns tyf lghsf] gft]bf/sf] JolQmut :jfy{ g/x]sf] / xfn;Dd To:tf] s'g} sf/f]jf/sf] hfgsf/L k|fKt ePsf] 5}g .
-0f_ sDkgLn] cfkm\gf] z]o/ cfkm}n] v/Lb u/]sf] eP To;/L cfkm\gf] z]o/ vl/b ug'{sf] sf/0f, To:tf] z]o/sf] ;+Vof / c+lst d'No tyf To;/L z]o/ vl/b u/] jfkt sDkgLn] e'QmfgL u/]sf] /sd M 8]enkd]G6 a+}sn] cfkm\gf] z]o/ cfkm}+n] vl/b u/]sf] 5}g .
-t_ cfGtl/s lgoGq0f k|0ffnL eP jf gePsf] / ePsf] eP ;f]sf] lj:t[t ljj/0f M o; ;DaGwdf ;~rfns ;ldltsf] k|ltj]bgdf lj:t[t ?kdf pNn]v ul/Psf] . -y_ ljut cfly{s jif{sf] s'n Joj:yfkg vr{sf] ljj/0f M
ljut cfly{s jif{sf] Joj:yfkg vr{sf] ljj/0fx? o;} k|ltj]bgsf] ljleGg cfly{s ljj/0fx?df pNn]v ul/Psf] 5 . o; jif{sf] ;+rfng vr{ lgDg adf]lhd /x]sf] 5 .
sd{rf/L vr{ ?= $@,$*,#$,!&)÷– sd{rf/L jf]g; Joj:yf ?= ^,%$,)),@)*÷– cGo ;+rfng vr{ ?= @*,@&,^!,*^!÷–;DktLdf x|f; s§L vr{ ?= *,)(,@(,$)@÷–
s'n ?= %*,($,!@,#&# ÷–
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-b_ n]vfk/LIf0f ;ldltsf ;b:ox?sf] gfdfjnL, lghx?n] k|fKt u/]sf] kf/L>lds, eQf tyf ;'lawf / ;f] ;ldltn] u/]sf] sfd sf/jfxLsf] ljj/0f / ;f] ;ldltn] s'g} ;'emfj lbPsf] eP ;f]sf] ljj/0f M
!_ n]vfk/LIf0f ;ldlt M ;~rfns – >L u+uf ;fu/ 9sfn ;+of]hs cfGtl/s n]vfk/LIf0f ljefu k|d'v – >L lgh{nf kmzL ;b:o ;lrj ;"rgf k|ljlw k|d'v – >L ;Gtf]z ku]gL ;b:o @_ ;ldtsf ;b:o -;~rfns_ nfO{ k|lt a}+7s eQf ?= ^,%))÷ afx]s cGo s'g} kfl/>lds÷;'ljwf k|bfg ug]{ ul/Psf]
5}g .
#_ cfGtl/s n]vfk/LIf0fsf] sfo{ of]hgf kfl/t u/L sfof{Gjog u/fpg] / a}+ssf] gLlt lgod tyf ;+rfng ;DalGw sfd sf/jfxLx?sf] k'g/fjnf]sg u/L Aoj:yfkg tyf ;~rfns ;ldltnfO{ cfjZos ;'emfjx? lbPsf] 5 . o;sf ;fy} afx|o n]vfk/LIfs tyf g]kfn /fi6« a}+sn] lbPsf] k|ltj]bg pk/ lj:t[t 5nkmn u/L ;~rfns ;ldltnfO{ cfjZos ;'emfj lbPsf] 5 . cfly{s jif{ @)&&÷&* df n]vfk/LIf0f ;ldltsf] a}+7s hDdf & k6s a;]sf] 5 eg] pQm a}+7s eQf jfkt hDdf ?= $%,%))÷– e'Qmfg ul/Psf] 5 .
-w_ ;~rfns, k|aGw ;~rfns, sfo{sf/L k|d'v, sDkgLsf cfwf/e"t z]o/wgL jf lghsf] glhssf] gft]bf/ jf lgh ;+nUg /x]sf] kmd{, sDkgL jf ;+ul7t ;+:yfn] sDkgLnfO{ s'g} /sd a'emfpg afFsL eP ;f] s'/f M
8]enkd]G6 a}+ssf ;~rfns, sfo{sf/L k|d'v, sDkgLsf cfwf/e"t z]o/wgL jf lghsf] glhssf] gft]bf/ jf lgh ;+nUg /x]sf] kmd{, sDkgLn] 8]enkd]G6 a}+snfO{ s'g} /sd a'emfpg afFsL 5}g .
-g_ ;+rfns, k|aGw ;~rfns, sfo{sf/L k|d'v tyf kbflwsf/Lx?nfO{ e'QmfgL ul/Psf] kfl/>lds, eQf tyf ;'lawfsf] /sd M
!_ ;+rfns ;ldltnfO{ k|bfg ul/Psf] eQf tyf ;'ljwfsf] ljj/0fM
cf= j= @)&&÷)&* Dff o; 8]enkd]G6 a+}ssf ;~rfnsx?nfO{ ;~rfns ;ldltsf] a}7sdf pkl:yt eP jfkt k|lt a}7s eQf ?= *,)))÷– -cWoIfsf] xsdf_ tyf ?= &,)))÷– -cGo ;~rfnssf] xsdf_ k|bfg ul/Psf] 5 . o;/L ;dLIff jif{df ;~rfns ;ldltsf] a}+7s hDdf @# k6s a;]sf] 5 eg] ;f] a}+7s eQf jfkt ;~rfnsx?nfO{ ?= (,%$,)))÷– e'Qmfg ul/Psf] 5 . ;~rfns ;ldltsf ;b:o afx]s cGo kbflwsf/Lx?nfO{ pQm eQf k|bfg ul/Psf] 5}g .
pkTosf eGbf aflx/af6 ;ldltsf] a}7sdf efu lng cfpg' x'g] ;~rfnsx?nfO{ b}lgs e|d0f eQf jfkt k|lt lbg ?= #,)))÷– sf b/n] k|bfg ug]{ u/]sf] tyf kqklqsf tyf 6]lnkmf]g vr{ jfkt k|lt dlxgf k|lt ;~rfns ?= !,%))÷ k|bfg ug]{ ul/Psf] 5 eg] oftfoft tyf cGo vr{ jf:tljs vr{sf] cfwf/df lan ;f]wegf{ ug]{ ul/Psf] 5 . o;/L ;ldIff jif{ @)&&÷&* df ;~rfns ;ldltsf kbflwsf/Lx?nfO{ k|bfg ul/Psf] cGo vr{ hDdf ?= $,$!,%)^÷– /x]sf] 5 .
@_ sfo{sf/L k|d'v tyf cGo kbflwsf/Lx?nfO{ e'QmfgL ul/Psf] tnj, eQf tyf ;'ljwfsf] ljj/0fM
o; ;ldIff jif{df o; 8]enkd]G6 a}+ssf] k|d''v sfo{sf/L clws[tdf >L ;'of]u >]i7 /xg'' ePsf] / k|d'v sfo{sf/L clws[t tyf Aoj:yfkgsf cGo kbflwsf/Lx?nfO{ lgDgfg'';f/ tna, eQf, bz}eQf, sd{rf/L ;+rosf]if of]ubfg, labf jfktsf] e'QmfgL tyf sd{rf/L af]g; k|bfg ul/Psf] 5 .
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qm=;+= ;'ljwf k|d'v sfo{sf/L clws[t
Joj:yfkgsf cGo kbflwsf/Lx?
!= tna ?= $,!%),*)) ?=1,07,75,850.00 @= ;~rosf]if of]ubfg ?= $!%,)*) ?=10,77,585.00 #= cGo eQf ?= $,@^@,)&@ ?=1,35,07,711.00 %= k|rlnt Aoj:yf cg';f/sf] labf = ?==6,11,679.00 &= sd{rf/L af]g; -af]g; tyf sNof0fsf/L sf]if_ ?= &%^,)*$ ?=19,43,991.62
hDdf ?= (,%*$,)#^ ?=2,79,16,816.62
pk/f]Qm afx]s cf}ifwL pkrf/ vr{, b'3{gf aLdf, df]afO{n vr{, O{Gwg vr{ tyf ;jf/L ;fwg ;'ljwf a}+ssf] sd{rf/L ljlgodfjnL adf]lhd k|bfg ul/Psf] 5 .
-k_ z]o/wgLx?n] a'lemlng afFsL /x]sf] nfef+zsf] /sd M z]o/wgLx?n] @)&* cfiff9 d;fGt;Dddf o; 8]enkd]G6 a}+s / 8]enkd]G6 a}+ssf] z]o/ /lhi6«f/ PgcfOljPn P; Soflk6n ln= dfkm{t a'lemlng afFsL /x]sf] nfef+z /sd lgDg ljj/0f adf]lhd /x]sf] 5 M
cfly{s jif{ a'lemlng afFsL /x]sf] nfef+z /sd ?= -s/ s§L cl3_
@)^&÷^* ^,@&,*%%=)) @)^*÷^( !@,@*,%)@=)) @)^(÷&) @^,^%,(*!=%) @)&)÷&! @),$*,$##=)* @)&#÷&$ !,@!,^#,&&&=## @)&$÷&% &(,$&,*!)=)^ @)&%÷&^ !,%#,**,#@$=(!
hDdf $,@),&),^*#=**
-km_ bkmf !$! adf]lhd ;DklQ v/Lb jf lalqm u/]sf] s'/fsf] ljj/0f M
;dLIff cjlwdf 8]enkd]G6 a}+snfO{ cfjZos kg]{ ;DkQLx? vl/b tyf lalqmsf] ljj/0f ;+nUg ljQLo ljj/0fsf] cg';'lr $=!# / $=!$ df pNn]v ul/Psf] 5 .
-a_= bkmf !&% adf]lhd ;Da4 sDkgLaLr ePsf] sf/f]jf/sf] ljj/0f M s]xL gePsf] .
-e_ o; P]g tyf k|rlnt sfg'g adf]lhd ;~rfns ;ldltsf] k|ltj]bgdf v'nfpg' kg]{ cGo s'g} s'/f M s]xL gePsf] .
-d_ cGo cfjZos s'/fx? M
-!_ k"FhLsf]ifsf] kof{Kttf M g]kfn /fi6« a}+ssf] lgb]{zg adf]lhdsf] k"FhL sf]ifsf] u0fgf ubf{ hf]lvd efl/t ;DklQsf] !!=&&Ü k"FhL sfod /x]sf]
5 h'g cfjZos !)Ü eGbf !=&&Ü clws xf] .
-@_ n]vf kl/Ifssf] lgo'lQm / k|ltj]bg M 8]enkd]G6 a+}ssf] cf= j= @)&&÷)&* sf] n]vfk/LIf0f ug{sf] nflu n]vfk/LIf0f ;ldltsf] l;kmfl/;df o; 8]enkd]G6
a}+ssf] @)&^÷&& sf] jflif{s ;fwf/0f;efn] >L /lGhj P08 P;f]l;o6\;, rf6{8 Psfp06]G6;\ sDkgLnfO{ afx|o n]vf k/LIfsdf lgo'Qm u/L ?= &,(!,)))÷– -d"=c=s= ;lxt_ kfl/>lds k|bfg ug]{ ul/ lgo'Qm ul/Psf] 5 . o;/L pQm n]vfk/LIfsn] 8]enkd]G6 a}+ssf] lx;fa lstfasf] n]vfk/LIf0f u/L lbg' ePsf] k|ltj]bg dfly n]vfk/LIf0f ;ldltdf 5nkmn ;dLIff u/L lbPsf] k|ltj]bg pk/ ;~rfns ;ldltdf 5nkmn eO{ k|ltj]bgdf cf}+NofO{Psf ;fdfGo s}lkmotx? / ;'emfax?sf] ;DaGwdf ;'wf/ ug{ Joj:yfkgnfO{ lgb]{zg lbOPsf] 5 .
-#_ dfgj ;+zfwg cf= j= @)&&÷)&* sf] cfiff9 d;fGtdf o; 8]enkd]G6 a}+sdf hDdf &#% hgf -:yfoL tyf k|lzIffyL{ ;d]t_
sd{rf/Lx?nfO{ /f]huf/L lbg ;kmn ePsf] 5 . cGo ;xof]uL sd{rf/L afx|o >f]taf6 cfk"lt{ ug]{ ul/Psf] 5 .
-$_ /fhZjdf of]ubfg cf= j= @)&&÷&* df o; 8]enkd]G6 a}+sn] g]kfn ;/sf/nfO{ skf]{/]6 s/sf] ?kdf ?= !*,%$,)#,^(#÷– lt/]/ b]zsf]
ljsf;df of]ubfg lbPsf] 5 .
-%_ afF8kmfF8 ePsf] z]o/ ;+Vof, afF8kmfF8 ePsf] z]o/dWo] r'Qmf ePsf] / gePsf] z]o/sf] ;+Vof M gePsf] .
-^_ 8]enkd]G6 a}+ssf]] r'Qmf k"FhLsf] kfFr k|ltzt jf ;f] eGbf a9L z]o/ vl/b u/L lng] AolQm jf ;+ul7t ;+:yf M sf]xL 5}g .
-&_ o; P]g tyf k|rlnt sfg"g adf]lhd ;~rfns ;ldltsf] k|ltj]bgdf v'nfpg'kg]{ cGo s'g} s'/fsf] ljj/0f cfjZos s'/fx? o;} k|ltj]bgdf dfly pNn]v u/L ;lsPsf] 5 .
-*_ o; 8]enkd]G6 a+}sn] k|rlnt sDkgL P]g tyf k|rlnt sfg"gsf] kfngf k"0f{ ?kdf u/]sf] 5 .
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lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] lgod @^ sf] pk lgod -@_ ;+u ;DaGwLt ljj/0f
!=_ ;~rfns ;ldltsf] k|ltj]bg M o;} jflif{s k|ltj]bgdf ;+nUg ul/Psf] .
@=_ n]vfk/LIfssf] k|ltj]bg M o;} jflif{s k|ltj]bgdf ;+nUg ul/Psf] .
#=_ n]vfk/LIf0f ePsf] ljQLo ljj/0f M o;} jflif{s k|ltj]bgdf ;+nUg ul/Psf] .
$=_ sfg''gL sf/jfxL ;DaGwL ljj/0f M
-s_ q}dfl;s cjlwdf ;+u7Lt ;+:yfn] jf ;+:yfsf] la?4df s''g} d''2f bfo/ ePsf] eP, shf{ sf/f]jf/sf] ;Gbe{df kg]{ lgoldt k|s[ltsf d'2f afx]s q}dfl;s calwdf 8]enkd]G6 a}+sn] jf o;
8]enkd]G6 a}+ssf] lj?4 s'g} d'2f bfo/ gePsf] .
-v_ ;+u7Lt ;+:yfsf] ;+:yfks jf ;~rfnsn] jf ;+:yfks jf ;~rfnssf] la?4df k|rlnt lgodsf] cj1f jf kmf}hbf/L ck/fw u/]sf] ;DaGwdf s''g} d''2f bfo/ u/]sf] jf ePsf] eP,
o; ;DaGwdf sDkgLnfO{ s''g} hfgsf/L k|fKt gePsf] .
-u_ s''g} ;~rfns jf ;+:yfks la?4 cfly{s ck/fw u/]sf] ;DaGwdf s''g} d''2f bfo/ ePsf] eP, o; ;DaGwdf s''g} hfgsf/L k|fKt gePsf] .
%=_ ;+u7Lt ;+:yfsf] z]o/ sf/f]jf/ tyf k|ultsf] laZn]if0f M
-s_ lwtf]kq ahf/df ePsf] ;+u7Lt ;+:yfsf] z]o/ sf/f]jf/ ;DaGwdf Aoj:yfkgsf] wf/0ff, v''Nnf ahf/n] k|ltkflbt u/]sf] d"No tyf dfGotf cg''?k z]o/ sf/f]jf/df x''g] ptf/ r9fjnfO{ 8]enkd]G6
a}+sn] ;fdfGo ?kn] lnPsf] 5 . o:tf] pTff/ r9fjsf] cj:yfdf klg a}+ssf] z]o/ sf/f]jf/ ;Gtf]ifhgs /x]sf] 5 .
-v_ cf=j= )&&÷)&* sf] k|To]s q}dfl;s cjlwdf ;+u7Lt ;+:yfsf] z]o/sf] clwstd, Go""gtd / clGtd d''Nosf ;fy} s''n sf/f]jf/ z]o/ ;+Vof / s''n sf/f]jf/ lbg b]xfo adf]lhd /x]sf] 5 .
ljj/0f @)&& cflZjg d;fGt
@)&& kf}if d;fGt @)&& r}t d;fGt
@)&* cfiff9 d;fGt
clwstd d""No ?= @)% @!^ @$! %)@ Go"gtd d""No ?= !#( !^$ !(& @!* clGtd d""No ?= !*$ @)! @#& $@$ s''n sf/f]jf/ z]o/ ;+Vof !,*!(,&$@ @,$*%,@!@ #,#(!,^$& !),%!$,^^# s''n sf/f]jf/ lbg ^# %* %* ^%
^=_ ;d:of tyf r''gf}tL M
-s_ cfGtl/s ;d:of tyf r''gf}tL M
a}+s tyf laQLo ;+:yfx? zfvf lj:tf/df nfu]sf sf/0f bIf hgzlQm Aoj:yfkgsf] r'gf}tL . ;+rfng vr{ a9\g''sf] ;fy} ;+rfng hf]lvd Aoj:yfkg ug{ r''gf}tL .
;dodf shf{ c;''nL x''g g;sL lgis[o shf{df j[l4 x'g ;Sg] r'gf}tL . Aofhb/df x'g] kl/jt{g tyf ;f]sf] Aoj:yfkgdf r'gf}tL .
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-v_ afx|o ;d:of tyf r''gf}tL M
ljZj dxfdf/Lsf] ?kdf km}lnPsf] sf]le8 –!( sf] sf/0f ;dod} shf{ c;'nL tyf Aofh e'Qmfg x'g g;sL lgis[o shf{ a9\g ;Sg] r'gf}tL .
k"+hL ahf/df cfpg] ptf/ r9fjsf] sf/0f a}+ssf] d'gfkmf r'gf}tL /fhgLlts kl/jt{gsf sf/0f a}+lsË Aoj;fodf kg{ hfg] c;/ . cGt/f{li6«o ahf/df x'g] cfly{s dGbLaf6 g]kfnsf] cy{tGqdf x'g ;Sg] c;/x? .
;d:of / r''gf}tLsf] ;dfwfg ug{ Aoj:yfkgn] cjnDag u/]sf] /0fgLlt M
a}+sn] cfkm\gf] sf/f]jf/df j[l4 ug{ zfvfx? lj:tf/ u/L a}+ssf] Aoj;fo j[l4 ug]{ /0fgLlt /x]sf] .
a}+sn] cfw'lgs gofF k|ljlwx?sf] k|of]u ub}{ cfO{/x]sf] / pQm k|of]u;+u} b]lvPsf ljleGg r'gf}ltx?sf] ;fdgf ug{ a}+s Aoj:yfkg ;hu /xb}+ ;f]sf] ;'/Iffsf] nflu pkfox? cjnDag ub}{ hfg] /0fgLlt /x]sf] .
bIf hgzlQm ljsf;sf lglDt sd{rf/Lx?nfO{ ;do ;fk]If cfGtl/s tyf afx|o tflnd k|bfg ul/g] / pgLx?nfO{ lb3{sflng ?kdf sfod /fVg ;do ;fk]If ;'ljwfx? k|bfg ub}{ hfg] .
t/ntfsf] sf/0fn] x''g] hf]lvd Go""gLs/0f ug{ Aofhb/df ;d;fdlos ?kdf ;dfof]hg ul/Psf] .
d''gfkmfdf c;/ kg{ glbg] clek|fosf ;fy shf{df ljljw sf/0fsf] ;fy} u}x| cfDbfgLsf] j[l4df Aoj:yfkgsf] Wofg s]Gb|Lt /x]sf] .
a}+ssf] ;du| hf]lvd Joj:yfkgsf] cfwf/e"t kIfx?nfO{ dha't agfO{ plNnlvt r'gf}ltsf] ;dfwfg ug]{ / a}+ssf] cfGtl/s sfo{ k|0ffnLdf vr{ ldtJolotf ckgfO{ lgwf{l/t nIo k|fKt ug]{ /0fgLlt cjnDag u/]sf] 5 .
&=_ ;+:yfut ;''zf;g;+u ;DaGwLt ljj/0f ;+rfns ;ldltsf] jflif{s k|ltj]bgsf] a''+bf g+= ^ df pNn]v ul/Psf] 5 .
*=_ lwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf @)&$ sf] bkmf $% cg';f/ ljj/0fkqdf k|If]k0f ul/Psf ljj/0fx? dWo] !% k|ltzt jf ;f] eGbf al9n] km/s k/]sf ljj/0fx? M
o;} k|ltab]gdf ;+nUg /x]sf] .
(=_ lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] lgod @^ sf] pklgod -%_ ;+u ;DalGwt laz]if 36gf jf kl/l:ylt ;DaGwL ljj/0f M
o; ;DaGwdf ;+rfns ;ldltsf] k|ltj]bg tyf ;+:yfut ;'zf;g ;DaGwL jflif{s cg'kfngf k|ltj]bgdf pNn]v ul/Psf] .
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Amount in NPR
Particulars Note As at 15 July 2021
As at 15 July 2020
AssetsCash and cash equivalent 4.1 5,091,909,607 4,077,732,638 Due from Nepal Rastra Bank 4.2 1,489,812,245 1,426,597,704 Placement with Bank and Financial Institutions 4.3 5,547,188 5,610,012 Derivative financial instruments. 4.4 - - Other trading assets 4.5Loan and advances to B/FIs 4.6 3,143,294,717 931,095,864 Loans and advances to customers 4.7 33,044,748,460 22,934,397,573 Investment securities 4.8 4,491,150,789 2,929,577,765 Current tax assets 4.9 9,723,151 29,816,417 Investment in susidiaries 4.10 - - Investment in associates 4.11 - - Investment property 4.12 - - Property and equipment 4.13 386,266,949 412,896,127 Goodwill and Intangible assets 4.14 3,923,285 5,172,408 Deferred tax assets 4.15 33,340,536 28,432,733 Other assets 4.16 137,159,672 117,004,846
Total Assets 47,836,876,600 32,898,334,087
LiabilitiesDue to Bank and Financial Instituions 4.17 1,052,292,705 1,120,730,594 Due to Nepal Rastra Bank 4.18 750,463,771 1,327,845 Derivative financial instruments 4.19 - - Deposits from customers 4.2 41,797,350,041 28,132,696,849 Borrowing 4.21 - - Current Tax Liabilities 4.9 - - Provisions 4.22 - - Deferred tax liabilities 4.15 - - Other liabilities 4.23 524,298,714 337,542,471 Debt securities issued 4.24 - - Subordinated Liabilities 4.25 - -
Total liabilities 44,124,405,231 29,592,297,758
Shangri-la Development Bank Limited Statement of Financial PositionAs on 31st Ashad 2078 (15 July 2021)
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EquityShare capital 4.26 2,736,972,420 2,606,640,400 Share premiumRetained earnings 315,918,741 153,493,256 Reserves 4.27 659,580,208 545,902,673
Total equity attributable to equity holders 3,712,471,369 3,306,036,329 Non-controlling interest - - Total Equity 3,712,471,369 3,306,036,329
Total Liabilities and Equity 47,836,876,600 32,898,334,087 Contingent liabilities and commitment 4.28 2,029,950,105 1,547,625,305 Net assets value per share 136 127
Prashant Subedi Suyog Shrestha Raju Nath Khanal Lisa Serchan Head-Accounts and Finance Chief Executive Officer Director Director Ganga Sagar Dhakal Naresh Man Tuladhar Sushil Kaji Baniya Achyut Prasad Prasai Director Director Director Chairman As per our report of even date
Place: Kathmandu Date: 05/10/2021
CA. Ranjeev ShresthaProprietor
Ranjeev & Associates Chartered Accountants
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Prashant Subedi Suyog Shrestha Raju Nath Khanal Lisa Serchan Head-Accounts and Finance Chief Executive Officer Director Director Ganga Sagar Dhakal Naresh Man Tuladhar Sushil Kaji Baniya Achyut Prasad Prasai Director Director Director Chairman As per our report of even date Place: KathmanduDate: 05/10/2021 CA. Ranjeev Shrestha
ProprietorRanjeev & Associates
Chartered Accountants
Amount in NPRParticulars
Note As at 15 July 2021
As at 15 July 2020
Interest income 4.29 3,515,206,323 3,135,051,468 Interest expense 4.30 2,308,685,866 2,084,752,749 Net interest income 1,206,520,457 1,050,298,719 Fee and commission income 4.31 230,376,880 166,786,011 Fee and commission expense 4.32 6,905,955 3,562,695 Net fee and commission income 223,470,925 163,223,316 Net interest, fee and commission income 1,429,991,382 1,213,522,035 Net trading income 4.33 - - Other operating income 4.34 249,414,446 7,530,734 Total operating income 1,679,405,829 1,221,052,769 Impairment charge/(reversal) for loans and other losses
4.35 236,067,814 259,481,127
Net operating income 1,443,338,014 961,571,642 Operating expensePersonnel expenses 4.36 490,234,378 366,789,245 Other operating expenses 4.37 282,761,861 249,720,577 Depreciation & Amortisation 4.38 80,929,402 77,337,181 Operating Profit 589,412,373 267,724,640 Non operating income 4.39 129,070 1,882,713 Non operating expense 4.40 (939,574) (1,297,719)Profit before income tax 588,601,870 268,309,634 Income tax expense 4.41 178,521,413 77,211,820 Current Tax 185,403,693 79,636,045 Deferred Tax Income / Expenses (6,882,281) (2,424,225)Profit for the year 410,080,457 191,097,814 Profit attributable to:Equity holders of the Bank 410,080,457 191,097,814 Non-controlling interest - - Profit for the year 410,080,457 191,097,814
Earnings per shareBasic earnings per share 14.98 7.33 Diluted earnings per share 14.98 7.33
Statement of Profit or LossFor the year ended 31 Ashad 2078
Shangri-la Development Bank Limited
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Amount in NPR Particulars As at
15 July 2021 As at
15 July 2020Profit for the year 410,080,457 191,097,814 Other comprehensive incomea) Items that will not be reclassified to profit or loss
Gains/(losses) from investments in equity instruments measured at fair value
6,581,590 19,026,624
Gain/(loss) on revalution - - Atuarial gain/(loss) on defined benefit plans - - Income tax relating to above items (1,974,477) (5,707,987)Net other comprehensive income that will not be reclassified to profit or loss 4,607,113 13,318,637
b) Items that are or may be reclassified to profit or lossGains/(losses) on cash flow hedge - - Exchange gains/(losses) (arising from translating financial assets of foreign operation)
- -
Income tax relating to above items - - Reclassification of Profit/Loss - - Net other comprehensive income that are or may be reclassified to profit or loss
- -
c) Share of other comprehensive income of associate accounted as per equited method
- -
Other comprehensive income for the period, net of income tax 4,607,113 13,318,637 Total comprehensive income for the year 414,687,570 204,416,451
Total comprehensive income attributable to: - - Equity holders of the Bank 414,687,570 204,416,451 Non-controlling interest - -
Total comprehensive income for the year 414,687,570 204,416,451
For the year ended 31 Ashad 2078 Statement of Other Comprehensive IncomeShangri-la Development Bank Limited
Prashant Subedi Suyog Shrestha Raju Nath Khanal Lisa Serchan Head-Accounts and Finance Chief Executive Officer Director Director
Ganga Sagar Dhakal Naresh Man Tuladhar Sushil Kaji Baniya Achyut Prasad Prasai Director Director Director Chairman As per our report of even date Place: KathmanduDate: 05/10/2021
CA. Ranjeev ShresthaProprietor
Ranjeev & AssociatesChartered Accountants
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Amount in NPR
Particulars As at 15 July 2021
As at 15 July 2020
CASH FLOWS FROM OPERATING ACTIVITIESInterest received 3,565,514,947 2,985,840,549 Fees and other income received 100,888,513 101,073,067 Dividend received 9,876,252 3,848,966 Receipts from other operating activities - - Interest paid (2,308,361,754) (2,102,254,187)Commission and fees paid (6,905,955) (3,562,695)Cash payment to employees (436,376,034) (385,579,371)Other expense paid (153,368,580) (233,796,936)
Operating cash flows before changes in operating assets and liabilities 771,267,391 365,569,392
(Increase)/Decrease in operating assetsDue from Nepal Rastra Bank (63,214,541) (594,514,463)Placement with bank and financial institutions 62,825 (3,094,732)Other trading assets - - Loan and advances to bank and financial institutions (2,244,194,889) (506,207,408)Loans and advances to customers (10,363,841,855) (4,035,465,461)Other assets (20,154,825) (39,717,010)
(12,691,343,285) (5,178,999,074)Increase/(Decrease) in operating liabilities
Due to bank and financial institutions (68,437,889) (2,025,960,994)Due to Nepal Rastra Bank 749,135,926 (2,411,745)Deposit from customers 13,664,653,192 8,708,863,400 Borrowings - - Other liabilities - -
14,345,351,229 6,680,490,661 Net cash flow from operating activities before tax paid 2,425,275,335 1,867,060,979
Income taxes paid (165,310,427) (124,628,549)Net cash flow from operating activities 2,259,967,908 1,742,432,431 CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of investment securities (1,554,991,435) (1,317,980,181)Receipts from sale of investment securities 239,698,678 - Purchase of property and equipment (53,186,249) (60,873,759)Receipt from the sale of property and equipment 462,605 2,912,768 Purchase of intangible assets (452,000) - Receipt from the sale of intangible assets - - Purchase of investment properties - - Receipt from the sale of investment properties - - Interest received 129,540,042 68,637,277 Dividend received - -
Net cash used in investing activities (1,238,928,359) (1,307,303,895)
Shangri-la Development Bank Limited Statement of Cash Flows
As on 31st Ashad 2078 (15 July 2021)
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CASH FLOWS FROM FINANCING ACTIVITIESReceipt from issue of debt securities - - Repayment of debt securities - - Receipt from issue of subordinated liabilities - - Repayment of subordinated liabilities - - Receipt from issue of shares - - Dividends paid (6,859,580) (233,537,297)Interest paid - - Other receipt/payment - -
Net cash from financing activities (6,859,580) (233,537,297)Net increase (decrease) in cash and cash equivalents 1,014,176,969 201,591,239
Cash and cash equivalents at Shrawan, 01, 2077 4,077,732,638 3,876,141,399 Effect of exchange rate fluctuations on cash and cash equivalents held - -
Cash and cash equivalents at 31 Ashad, 2078 5,091,909,607 4,077,732,638
Prashant Subedi Suyog Shrestha Raju Nath Khanal Lisa Serchan Head-Accounts and Finance Chief Executive Officer Director Director Ganga Sagar Dhakal Naresh Man Tuladhar Sushil Kaji Baniya Achyut Prasad Prasai Director Director Director Chairman As per our report of even date
Place: Kathmandu Date: 05/10/2021
CA. Ranjeev ShresthaProprietor
Ranjeev & Associates Chartered Accountants
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3
84,88
7,598
-
117
,061,1
55
(
18,59
3,915
)
-
23
3,537
,297
1
1,624
,640
3
,335,1
57,17
5 Co
mpr
ehen
sive i
ncom
e for
the y
ear
-
Prof
it fo
r the
year
as p
er R
epor
t (NF
RS)
-
-
-
-
-
-
191
,097
,814
-
191
,097
,814
O
ther
com
preh
ensiv
e inc
ome,
net o
f tax
-
Gain
s/(lo
sses
) fro
m in
vestm
ents
in eq
uity
instr
umen
ts m
easu
red
at fa
ir va
lue
-
-
-
-
13
,318
,637
-
-
-
13,
318,
637
Gain
/(los
s) on
reva
lutio
n
-
-
-
-
-
-
-
-
-
Ac
tuar
ial g
ain/lo
ss o
n de
fined
ben
efit
plan
s
-
-
-
-
-
-
-
-
-
Ga
ins/(
loss
es) o
n ca
sh fl
ow h
edge
-
-
-
-
-
-
-
-
-
Exch
ange
gain
s/(lo
sses
) (ar
ising
from
tran
slatin
g fin
ancia
l ass
ets o
f for
eign
oper
ation
)
-
-
-
-
-
-
-
-
-
Tota
l com
preh
ensiv
e inc
ome f
or th
e yea
r
-
-
-
-
13
,318,6
37
-
191
,097,8
14
-
20
4,416
,451
Tran
sfer t
o Ge
nera
l Res
erve
-
38,2
19,5
63
-
-
-
-
(38,
219,
563)
-
-
Tr
ansfe
r Fro
m G
ener
al Re
serv
e
-
-
-
-
-
-
-
-
Exch
ange
Flu
ctuati
on F
und
-
-
26
0,40
5
-
-
-
(2
60,4
05)
-
In
vestm
ent A
djus
tmen
t Res
erve
-
-
-
-
-
-
-
-
-
In
stitu
tion
CSR
Fund
-
-
-
-
-
-
(426
,714
)
426
,714
-
Ut
iliza
tion
of In
stitu
tion
CSR
Fund
-
-
-
-
-
-
-
-
-
Staf
f Tra
inin
g Fu
nd
-
-
-
-
-
-
-
-
-
Ut
iliza
tion
of S
taff T
rain
ing
Fund
-
-
-
-
-
-
-
-
-
Tran
sfer T
o/fr
om R
egul
ator
y res
erve
dur
ing t
he ye
ar
-
-
-
-
-
-
-
-
De
ferre
d Ta
x Re
serv
e
-
-
-
(3,2
83,7
62)
-
-
3
,283
,762
-
-
Inter
est R
eceiv
able
-
-
-
2
4,04
6,35
7
-
-
(2
4,04
6,35
7)
-
-
Fair
Valu
e Res
erve
-
-
-
(
22,0
64,7
18)
-
-
22
,064
,718
-
-
Tran
sact
ions
with
owne
rs, d
irect
ly re
cogn
ised
in eq
uity
-
-
-
-
-
-
-
-
-
Shar
e Iss
ued
-
-
-
-
-
-
-
-
-
Shar
e Iss
ue E
xpen
ses
-
-
-
-
-
-
-
-
-
Tax
On S
hare
Issu
e Exp
ense
s
-
-
-
-
-
-
-
-
-
Di
vide
nds t
o eq
uity
hol
ders
-
-
-
-
-
-
-
-
-
Bonu
s sha
res i
ssue
d
-
-
-
-
-
-
-
-
-
Ca
sh d
ivid
end
paid
-
-
-
-
-
-
(
233,
537,
297)
-
(2
33,5
37,2
97)
Othe
r
-
-
-
-
-
-
-
-
-
To
tal c
ontr
ibut
ions
by a
nd d
istrib
utio
ns
-
-
-
-
-
-
-
-
-
Bala
nce a
t 31 A
shad
, 207
7
2,6
06,64
0,400
423
,107,1
61
2
60,40
5
11
5,759
,031
(5,2
75,27
9)
-
1
53,49
3,256
12,0
51,35
4
3,30
6,036
,329
Shan
gri-l
a Dev
elopm
ent B
ank
Lim
ited
Sta
tem
ent o
f Cha
nges
in E
quity
For t
he ye
ar en
ded
31 A
shad
2078
Amou
nt in
NPR
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26
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5
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31
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-
1
53,4
93,2
56
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51,3
54
3,30
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9 Ad
justm
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esta
tem
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-
-
-
-
-
-
-
-
-
Ad
juste
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state
d ba
lanc
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, 207
7
2
,606
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4
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07,1
61
260,
405
115
,759
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(5,2
75,2
79)
-
1
53,4
93,2
56
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51,3
54
3,30
6,03
6,32
9 Co
mpr
ehen
sive i
ncom
e for
the y
ear
-
Prof
it fo
r the
yea
r as p
er R
epor
t (NF
RS)
-
-
-
-
-
-
410
,080
,457
-
410
,080
,457
O
ther
com
preh
ensiv
e inc
ome,
net o
f tax
-
Gain
s/(lo
sses
) fro
m in
vestm
ents
in eq
uity
instr
umen
ts m
easu
red
at fa
ir va
lue
-
-
-
-
4
,607
,113
-
-
-
4
,607
,113
Gain
/(los
s) on
reva
lutio
n
-
-
-
-
-
-
-
-
-
Ac
tuar
ial g
ain/lo
ss o
n de
fined
ben
efit
plan
s
-
-
-
-
-
-
-
-
-
Ga
ins/(
loss
es) o
n ca
sh fl
ow h
edge
-
-
-
-
-
-
-
-
-
Exch
ange
gain
s/(lo
sses
) (ar
ising
from
tran
slatin
g fin
ancia
l ass
ets o
f for
eign
oper
ation
)
-
-
-
-
-
-
-
-
-
Tota
l com
preh
ensiv
e inc
ome f
or th
e yea
r
-
-
-
-
4,6
07,1
13
-
410,
080,
457
-
4
14,6
87,5
70
Tran
sfer t
o Ge
nera
l Res
erve
-
82,0
16,0
91
(8
2,01
6,09
1)
-
Tr
ansfe
r Fro
m G
ener
al Re
serv
e
-
-
-
-
-
-
-
-
-
Ex
chan
ge F
luctu
ation
Fun
d
-
-
-
-
-
-
-
-
-
In
vestm
ent A
djus
tmen
t Res
erve
-
-
-
-
-
-
5,0
00,0
00
(5,0
00,0
00)
-
Insti
tutio
n CS
R Fu
nd
-
-
-
-
-
-
1,4
99,4
37
(1,4
99,4
37)
-
Utili
zatio
n of
Insti
tutio
n CS
R Fu
nd
-
-
-
-
-
-
-
-
-
St
aff T
rain
ing
Fund
-
-
-
-
-
-
-
-
-
Utili
zatio
n of
Staf
f Tra
inin
g Fu
nd
-
-
-
-
-
-
1
,392
,950
1
,392
,950
Tr
ansfe
r To/
from
Reg
ulat
ory
rese
rve d
urin
g th
e yea
rDe
ferre
d Ta
x Re
serv
e
-
-
-
4,
907,
805
-
-
(4
,907
,805
)
-
-
Inter
est R
eceiv
able
-
-
-
3
4,64
6,02
5
-
-
(3
4,64
6,02
5)
-
-
Fair
Valu
e Res
erve
-
-
-
(4,6
07,1
12)
-
-
4
,607
,112
-
-
Tran
sact
ions
with
own
ers,
dire
ctly
reco
gnise
d in
equi
ty
-
Sh
are I
ssue
d
-
-
-
-
-
-
-
-
-
Sh
are I
ssue
Exp
ense
s
-
-
-
-
-
-
-
-
-
Ta
x On
Sha
re Is
sue E
xpen
ses
-
-
-
-
-
-
-
-
-
D
ivid
ends
to eq
uity
hol
ders
-
-
-
-
-
-
-
-
-
Bonu
s sha
res i
ssue
d
130
,332
,020
-
-
-
-
-
(
130,
332,
020)
-
-
Ca
sh d
ivid
end
paid
-
-
-
-
-
-
(6
,859
,580
)
-
(6
,859
,580
)
Othe
r
-
-
-
-
-
-
-
-
-
To
tal c
ontr
ibut
ions
by
and
distr
ibut
ions
-
-
-
-
-
-
-
-
-
Ba
lanc
e at 3
1 As
had,
207
8
2
,736
,972
,420
5
05,1
23,2
52
260,
405
150
,705
,749
(6
68,1
66)
-
3
15,9
18,7
41
6,9
44,8
68
3,71
5,25
7,26
9
Pr
asha
nt S
ubed
i Su
yog
Shre
stha
Ra
ju N
ath
khan
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Ser
chan
H
ead-
Acc
ount
s and
Fin
ance
C
hief
Exe
cutiv
e O
ffice
r D
irect
or
Dire
ctor
G
anga
Sag
ar D
haka
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ares
h M
an T
ulad
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il K
aji B
aniy
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chyu
t Pra
sad
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ai
Dire
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D
irect
or
Dire
ctor
C
hairm
an
A
s per
our
repo
rt o
f eve
n da
te
Plac
e: K
athm
andu
Dat
e: 0
5/10
/202
1
CA
. Ran
jeev
Shr
esth
aPr
oprie
tor
Ranj
eev
& A
ssoc
iate
s C
hart
ered
Acc
ount
ants
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Amount in NPR
Particulars As at
15 July 2021 As at
15 July 2020 Net profit or (loss) as per statement of profit or loss 410,080,457 191,097,814 Adjustment: 16,301,656 -
Appropriations:a. General reserve (82,016,091) (38,219,563) b. Foreign exchange fluctuation fund - (260,405) c. Capital redemption reserve - - d. Corporate social responsibility fund 1,499,437 (426,714) e. Employees' training fund - - f. Fair Value Reserve - - g. Investment Adjustment Reserve 5,000,000 - h. Others - -
Profit or (loss) before regulatory adjustment 350,865,458 152,191,132 Regulatory adjustment :
a. Interest receivable (-)/previous accrued interest received (+) (34,646,025) (24,046,357) b. Short loan loss provision in accounts (-)/reversal (+) - - c. Short provision for possible losses on investment (-)/reversal (+) 4,607,112 22,064,718 d. Short loan loss provision on Non Banking Assets (-)/resersal (+) - - e. Deferred tax assets recognised (-)/ reversal (+) (4,907,805) 3,283,762 f. Goodwill recognised (-)/ impairment of Goodwill (+) - - g. Bargain purchase gain recognised (-)/resersal (+) - - h. Acturial loss recognised (-)/reversal (+) - - i. Other (+/-) - -
Distributable profit or (loss) 315,918,741 153,493,256
Shangri-la Development Bank Limited Statement of Distributable Profit or Loss
As on 31st Ashad 2078 (15 July 2021)(As per NRB Regulation)
Prashant Subedi Suyog Shrestha Raju Nath Khanal Lisa Serchan Head-Accounts and Finance Chief Executive Officer Director Director Ganga Sagar Dhakal Naresh Man Tuladhar Sushil Kaji Baniya Achyut Prasad Prasai Director Director Director Chairman As per our report of even date Place: Kathmandu Date: 05/10/2021 CA. Ranjeev Shrestha
ProprietorRanjeev & Associates
Chartered Accountants
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Shangri-la Development Bank Limited Notes to the Financial Statements
For the Year Ended 31 Ashad 2078 (at July 15 2021)
1. Reporting Entity
The Bank is registered with the Office of Company Registrar as a public limited company and carries out banking activities in Nepal under the license from Nepal Rastra Bank as Class “Kha” licensed institution. It’s registered corporate office is at Baluwatar Kathmandu, Nepal. At present Shangri-la Development Bank Ltd. is one of the largest National Level Development Bank with Branch network of 97 branches.
The Bank is listed on Nepal Stock Exchange and its stock symbol is “SADBL”. The financial year of the bank is on 15 July 2021 (31 Ashad 2078)
2. Basis of Preparation
The financial statements of the Bank have been prepared on accrual basis of accounting in accordance with Nepal Financial Reporting Standards (NFRS) as published by the Accounting Standards Board (ASB) Nepal and pronounced by The Institute of Chartered Accountants of Nepal (ICAN) and in the format issued by Nepal Rastra Bank in Directive No. 4 of NRB Directives, 2077.
The financial statements comprise of the Statement of Financial Position, the Statement of Profit or Loss and the Statement of Other Comprehensive Income shown in a single statement, the Statement of Changes in Equity, the Statement of Cash Flows and the Notes to the Accounts.
2.1. Statement of Compliance
The financial statements have been prepared and approved by the Board of Directors in accordance with Company Act 2063, Bank and Financial Institution Act 2073, Nepal Financial Reporting Standards (NFRS) as published by the Accounting Standards Board (ASB) Nepal and pronounced by The Institute of Chartered Accountants of Nepal (ICAN) and in the format issued by Nepal Rastra Bank in Directive No. 4 of NRB Directives, 2077.
These policies have been consistently applied to all the years presented except otherwise stated.
2.2. Reporting Period and Approval of Financial Statements
The Bank has adopted the NFRS for the preparation of financial statements, pronounced by ASB with effect from fiscal year 2017/18 (2074.75).
The approval of financial statements accompanied notes to the financial statements have been adopted by the Board of Directors in its 277th Board Meeting held on October 5, 2021 and the Board acknowledges the responsibility of preparation of financial statements of the Bank. The
approved financial statements have been recommended for approval by the shareholders in the 17th Annual General Meeting of the Bank.
The Board of Directors may decide to amend the annual accounts as long as these are not adopted by the general meeting of the shareholders. The general meeting of shareholders may decide not to adopt the annual accounts but may not amend these.
2.3. Responsibility For Financial Statements
The Board of Directors of the Bank is responsible for the preparation of financial statements of the Bank which reflects a true and fair view of the financial position and performance of the Bank. The board is of the view that the financial statements have been prepared in conformity with the prevailing financial reporting standards, regulations of the Nepal Rastra Bank and the requirements of the Companies Act.
The Board of Directors acknowledges their responsibility for financial statements as set out in the ‘Statement of Director’s Responsibility’ and in the certification on the Statement of Financial Position.
These financial statements include the following components:
Statement of Financial Position [SoFP] providing the information on the financial position of the Bank as at the end of the reporting period;
Statement of Profit or Loss [SoPL] and Statement of Other Comprehensive Income [SoCI] providing the information on the financial performance of the Bank for the reporting period;
Statement of Changes in Equity [SoCE] reporting all changes in the shareholders’ funds during the reporting period of the Bank;
Statement of Cash Flows [SoCF] providing the information to the users, on the ability of the Bank to generate cash and cash equivalents and utilization of those cash flows; and
Notes to the financial statements comprising significant accounting policies, other disclosures and other explanatory information relevant to the study of financial statements.
2.4. Functional and Presentation Currency
The financial statements are presented in Nepalese Rupees (NPR) which is the Bank’s functional currency. All financial information presented in NPR has been rounded to the nearest rupee except where indicated otherwise.
2.5. Use of Estimates, Assumptions and Judgement
The Bank, under NFRS, is required to apply accounting policies to most appropriately suit its circumstances and operating environment. Further, the Bank is required to make judgements in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the financial statements.
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The NFRS requires the Bank to make estimates and assumptions that will affect the assets, liabilities, disclosure of contingent assets and liabilities, and profit or loss as reported in the financial statements.
The Bank applies estimates in preparing and presenting the financial statements and such estimates and underlying assumptions are reviewed periodically. The revision to accounting estimates are recognized in the period in which the estimates are revised and are applied prospectively.
Disclosures of the accounting estimates have been included in the relevant sections of the notes wherever the estimates have been applied along with the nature and effect of changes of accounting estimates, if any.
Going Concern
The management has made an assessment of its ability to continue as a going concern and is satisfied that it has the resources to continue in business for the foreseeable future. Furthermore, the management is not aware of any material uncertainties that may cast significant doubt upon the bank's ability to continue as a going concern. Therefore, financial statements of the bank continue to be prepared on a going concern basis.
2.6. Change in Accounting Policies
The Bank has prepared the opening statement of financial position as per Nepal Financial Reporting Standard (NFRS) as at 16 July 2016 (the transition date) by recognizing all assets and liabilities whose recognition is required by NFRS, not recognizing the items of assets or liabilities which are not permitted by NFRS, by reclassifying items from previous GAAP to NFRS as required by NFRS and applying NFRS in measurement of recognized assets and liabilities.
2.7. Reporting Pronouncements
The Bank has, for the preparation of financial statements, adopted the NFRS pronounced by ASB as effective on September 13, 2013. The NFRS conform, in all material respect, to International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB).
The Institute of Chartered Accountants of Nepal has pronounced implementation of NFRS. Accordingly, the accompanying financial statements for the year ended July 15, 2021 are prepared in accordance with NFRS. Details of carve out provided are as follows.
2.7.1 Impairment
In para 58 of NAS 39 Financial Instrument Recognition and Measurement, an entity shall assess at the end of each reporting period whether there is any objective evidence that financial asset measured at amortized cost is impaired. If any such evidence exists, the entity shall apply Incurred Loss Model as per para 63 of NAS 39; to determine the amount
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of any impairment loss unless the entity is bank or financial institutions registered as per Bank and Financial Institutions Act, 2073.
Such entities shall measure impairment loss on loan and advances as the higher of amount derived as per norms prescribed by Nepal Rastra Bank for loan loss provision and amount determined as per para 63 of NAS 39; and shall apply para 63 of NAS 39 to measure the impairment loss on financial assets other than loan and advances.
The entity shall disclose the impairment loss as per this carve-out and the amount of impairment loss determined as per paragraph 63.
2.7.2 Impracticability To Determine Interest Income On Amortised Cost
In para AG 93 of NAS 39, once a financial asset or a group of similar financial assets has been written down as a result of an impairment loss, interest income is thereafter recognized using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. Interest income shall be calculated by applying effective interest rate to the gross carrying amount of a financial asset unless the financial asset is written off either partially or fully.
2.7.3 Impracticability To Determine Transaction Cost Of All Previous Years Which Is The Part Of Effective Interest Rate
In para 9, the effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument or, when appropriate, a shorter period to the net carrying amount of the financial asset or financial liability. When calculating the effective interest rate, an entity shall estimate cash flows considering all contractual terms of the financial instrument (for example, prepayment, call and similar options) but shall not consider future credit losses. The calculation includes all fees and points paid or received, unless it is immaterial or impracticable to determine reliably, between parties to the contract that are an integral part of the effective interest rate (see NAS 18 Revenue), transaction costs and all other premiums or discounts. There is a presumption that the cash flows and the expected life of a group of similar financial instruments can be estimated reliably. However, in those rare cases when it is not possible to estimate reliably the cash flows or the expected life of a financial instrument (or group of financial instruments), the entity shall use the contractual cash flows over the full contractual term of the financial instrument (or group of financial instruments).
2.7.4 NAS 28 – “Investments in Associates and Joint Ventures”
Carve out from the requirement for a parent company to account for an associate in its consolidated financial statements using uniform accounting policies for like transactions and other events in similar circumstances as specified in para 35 of NAS 28 unless it is impracticable to do so. As a result of this alternative treatment, associates are allowed to be presented in the consolidated financial statements without adjustments to the associate’s financial statements which are otherwise required to achieve consistency in accounting policies between the Group entities and associates.
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2.8. Discounting
Discounting has been applied where assets and liabilities are non-current, and the impact of the discounting is material.
2.9. Limitation of NFRS Implementation
Wherever the information is not adequately available, and/or it is impracticable to develop such exception to NFRS implementation has been noted and disclosed in respective sections.
3. Significant Accounting Policies
The bank has applied the accounting policies set out below consistently to all periods presented in the accompanying financial statements unless specifically stated otherwise.
3.1. Basis of Measurement
The financial statements have been prepared on historical cost basis except for the following material items in the Statement of Financial Position:
Investment Securities are measured at Fair value through Other Comprehensive Income (FVTOCI).
Liability for defined benefit obligations is recognized as the present value of the defined
benefit obligation less the net total of the plan assets plus unrecognized actuarial gains, less unrecognized past service cost and unrecognized actuarial losses.
3.2. Cash and Cash Equivalent
Cash and cash equivalent comprise short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of change in value and carried at amortised cost.
The cash and cash equivalents for the purpose of cash flow statement include cash in hand, balances with banks, money at call and money market funds and financial assets with original maturity less than 3 months from the date of acquisition.
3.3. Financial Assets and Financial Liabilities
a. Recognition
The bank recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are measured at fair value on initial recognition. Transaction costs in relation to financial assets and financial liabilities, other than those carried at fair value through profit or loss (FVTPL), are added to the fair value on initial recognition. Transaction costs in relation to financial assets and financial liabilities which are carried at fair value through profit or loss (FVTPL), are charged to Statement of Profit or Loss.
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b. Classification
The financial assets and liabilities are subsequently measured at amortised cost or fair value on the basis of business model for managing the financial assets and the contractual cash flow characteristics of the financial assets.
Financial assets are classified under three categories as required by NFRS 9, namely:
I. Financial Assets Measured at Amortised Cost:
Financial assets that are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows that are solely payments of principal and interest, are subsequently measured at amortised cost using the effective interest rate (‘EIR’) method less impairment, if any. The amortisation of EIR and loss arising from impairment, if any is recognised in Statement of Profit or Loss.
II. Financial Assets Measured At Fair Value Through Other Comprehensive Income:
Financial assets that are held within a business model whose objective is achieved by both, selling financial assets and collecting contractual cash flows that are solely payments of principal and interest, are subsequently measured at fair value through other comprehensive income. Fair value movements are recognized in Statement of Other Comprehensive Income (SOCI).
III. Financial Assets Measured at Fair Value through Profit or Loss:
The bank classifies the financials assets as fair value through profit or loss if they are held for trading or designated at fair value through profit or loss.
Any other financial asset not classified as either amortised cost or FVTOCI, is classified as FVTPL.
Financial liabilities are classified under two categories as required by NFRS 9, namely:
I. Financial Liabilities at Fair Value Through Profit or Loss:
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Upon initial recognition, transaction cost directly attributable to the acquisition are recognized in Statement of Profit or Loss as incurred. Subsequent changes in fair value is recognized at profit or loss.
II. Financial Liabilities Measured at Amortised Cost:
All financial liabilities other than measured at fair value though profit or loss are classified as subsequently measured at amortised cost using effective interest method.
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a. De-recognition
The Bank derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the contractual rights to receive the cash flows from the asset.
A financial liability is derecognised when the obligation specified in the contract is discharged, cancelled or expires.
b. Determination of Fair Value The fair value of a financial instrument is the price that would be received to sell an asset
or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
The bank follows three levels of the fair-value-hierarchy that are described below:
Level 1: Quoted (unadjusted) prices for identical assets or liabilities in active markets;
Level 2: Significant inputs to the fair value measurement are directly or indirectly observable or valuations of quoted for similar instrument in active markets or quoted prices for identical or similar instrument in inactive markets; and
Level 3: Significant inputs to the fair value measurement are unobservable.
Investment in Unquoted Equity Instrument are carried at cost as the market price of such shares could not be ascertained with certainty at the reporting date.
c. Impairment
The Bank reviews its individually significant loans and advances at each reporting date to assess whether an impairment loss should be provided in the Statement of Profit or Loss. The management’s judgement is extensively used in the estimation of the amount and timing of future cash flows when determining the impairment loss. These estimates are based on assumptions about a number of factors and hence actual results may differ, resulting in future changes to the provisions made.
The individual impairment provision applies to financial assets evaluated individually for impairment and is based on Management’s best estimate of the present value of the future cash flows that are expected to be received. In estimating these cash flows, Management makes judgments about a borrower’s financial situation and the net realisable value of any underlying collateral. Each impaired asset is assessed on its merits and the workout strategy and estimate of cash flows considered recoverable.
Individual assessment of impairment of exposures means establishing whether objective evidence of impairment exists, estimation of the present value of future cash flows, and calculation of the value of impairment for each individual receivable from the borrower included in this assessment.
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The bank has considered all loans and advances above NPR 5 million and non-performing loan as per NRB Directive for individual assessment of impairment. The bank determines, for each individual loan to be assessed for individual impairment, whether they expect to collect their receivables from expected future cash flows (going concern) or from collateral realization (gone concern). If a bank identifies objective evidence of impairment, the bank indicates, at single debtor level, the most realistic sources of repayment (collection approach/strategy) based on all available information regarding such borrower’s financial position and performances. The bank assesses whether collection will be made from the borrower`s expected future operating cash flows (borrower continues to perform business activities – going concern) or on the basis of collateral enforcement and realization (expectation that the borrower ceases to exist – gone concern). In both cases, bank uses conservative assumptions relating to the estimation of the expected cash flows, taking into account current economic conditions and the Bank’s own economic forecasts.
A collective impairment provision is established for:
i. Groups of homogeneous loans and advances and investment securities which are held-to-maturity, that are not considered individually significant; and
ii. Groups of assets that are individually significant but that were not found to be individually impaired.
For the purpose of collective assessment of impairment, bank has categorized assets into following broad products as follows:
Deprived Sector Loan Wholesale Lending Home Loan Real Estate Loan Education Loan Hire Purchase Loan Personal Loan Loan Against FDR Gold And Silver Loan Tourism Loan Foreign Employment Loan Business Loan Agricultural Loan Margin Lending Industry Loan Guarantee Loan
The collective provision for groups of homogeneous loans is established using statistical methods based on historical loss rate experience, Loss Given Default (LGD) and Probability of Default (PD) computed using the statistical analysis of historical data on delinquency to estimate the amount of loss for each class of portfolio selected on the basis of its product, risk factor, collateral coverage, exposure group etc. Management applies
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judgement to ensure that the estimate of loss arrived at, on the basis of historical information is appropriately adjusted to reflect the economic conditions and portfolio factors as at the reporting date. The loss rates are regularly reviewed against actual loss experience.
The Bank has opted to apply carve out on impairment of loans and advances. Accordingly, individual and collective impairment loss amount calculated as per NFRS is compared with the impairment provision required under NRB Directive No. 2, higher of the amount derived from these measures is taken as impairment loss for loans and advances.
Details of individual and collective impairment loss amount calculated as per NFRS is compared with the impairment provision required under NRB Directive No. 2 are given below:
Impairment as per NFRS
Amount in NPR Particulars As at 15 July 2021 As at 15 July 2020
Individual Impairment 33,495,324.89 19,074,178.51 Collective Impairment 124,421,089.47 76,389,267.19
Total 157,916,414.37 95,463,445.70 Impairment as per NRB Directive No.2
Amount in NPR Particulars As at 15 July 2021 As at 15 July 2020
Pass Loan Provision 418,981,528.81 193,976,366.47 Watchlist Loan Provision 112,053,330.74 214,951,683.58 Sub-Standard Loan Provision 53,767,972.21 29,718,853.25 Doubtful Loan Provision 101,047,727.13 54,990,452.77 Loss Loan Provision 81,615,015.47 41,363,061.52 Total 767,465,574.36 535,000,417.58
3.4. Trading Assets
Financial assets are classified as trading assets (held for trading) if they have been acquired principally for the purpose of selling in the near term, or form part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent pattern of short- term profit taking. They are recognised on trade date, when the bank enters into contractual arrangements with counterparties, and are normally derecognised when sold. They are initially measured at fair value, with transaction costs taken to Statement of Profit or Loss. Subsequent changes in their fair values are recognised Statement of Profit or Loss.
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3.5. Derivative Assets and Derivative Liabilities
Derivative instruments include transactions like interest rate swap, currency swap, forward foreign exchange contract etc. held for trading as well as risk management purposes. Derivative financial instruments are initially measured at fair value on the contract date and are subsequently re-measured to fair value at each reporting date. The bank does not have any derivative instrument during the reporting period.
3.6. Property & Equipment
All property and equipment are stated at cost less accumulated depreciation and impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the assets.
Subsequent costs are included in the asset’s carrying amount or are recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Bank and the cost of the item can be measured reliably. All other repairs and maintenance are charged to the Statement of Profit or Loss during the financial period in which they are incurred.
Depreciation on other assets is calculated using the straight- line method to allocate their cost to their residual values over their estimated useful lives, as follows:
Particulars No. of Years Computer and Accessories 5 Furniture and Fixtures 7 Office Equipment 7 Vehicles 5 Lease-hold Properties 10
The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at each Statement of Financial Position date. The value of the assets fully depreciated but continued to be in use is considered not material.
Assets with costs less than NPR 5,000 are charged off on purchase as revenue expenditure.
3.7. Intangible Assets
Acquired computer software licenses are capitalised on the basis of the costs incurred to acquire and bring to use the specific software. Costs associated with the development of software are capitalised where it is probable that it will generate future economic benefits in excess of its cost. Computer software costs are amortised over the period of 5 years in Straight Line method (SLM).
Costs associated with maintaining software are recognised as an expense as incurred.
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3.8. Investment Property
Investment properties are land or building or both other than those classified as property and equipment under NAS 16 – “Property, Plant and Equipment”; and assets classified as non-current assets held for sale under NFRS 5 – “Non-Current Assets Held for Sale and Discontinued Operations”. Land and Building acquired as non-banking assets are recognised as investment property.
Investment properties are initially measured at cost, including transaction costs. Subsequently all investment properties are reported at fair value with any gains or losses in fair value reported in the Statement of Profit or Loss as they arise. No depreciation is charged in investment property as they are not intended for the owner-occupied use.
3.9. Income Tax
Tax expenses comprises of current tax and deferred tax.
Current Tax
Current tax is the income tax expense recognized in the Statement of Profit or Loss, except to the extent it relates to items recognized directly in equity or other comprehensive income. Current tax is the amounts expected or paid to Inland Revenue Department in respect of the current year, using the tax rates and tax laws enacted or substantively enacted on the reporting date and any adjustment to tax payable in respect of prior years. Details of Current tax are presented in Schedule 4.41.
Deferred tax
Deferred tax is recognised on temporary differences between the carrying amount of assets and liabilities in the balance sheet and the amounts attributed to such assets and liabilities for tax purposes. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which deductible temporary differences can be utilised.
Deferred tax is calculated using the tax rates expected to apply in the periods in which the assets will be realised or the liabilities settled, based on tax rates and laws enacted, or substantively enacted, by the balance sheet date. Deferred tax assets and liabilities are offset when they arise in the same tax reporting group and relate to income taxes levied by the same taxation authority, and when the group has a legal right to offset. Details of Deferred tax are presented in Schedule 4.15.
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3.10. Deposit, Debts Securities Issued and Subordinated Liabilities
i. Deposits
The Bank accepts deposits from its customers under account, current, term deposits and margin accounts which allows money to be deposited and withdrawn by the account holder. These transactions are recorded on the bank’s books, and the resulting balance is recorded as a liability for the Bank and represents the amount owed by the Bank to the customer.
ii. Debt Securities Issued
It includes debentures, bonds or other debt securities issued by the Bank. Deposits, debt securities issued, and subordinated liabilities are initially measured at fair value minus incremental direct transaction costs, and subsequently measured at their amortised cost using the effective interest method, except where the Group designates liabilities at fair value through profit or loss. However, debentures issued by the bank are subordinate to the deposits from customer.
iii. Subordinated Liabilities
Subordinated liabilities are those liabilities which at the event of winding up are subordinate to the claims of depositors, debt securities issued and other creditors. The bank does not have any of such subordinated liabilities.
3.11. Provisions, Contingent Liabilities and Contingent Assets
The Bank recognizes a provision if, as a result of past event, the Bank has a present constructive or legal obligation that can be reliably measured and it is probable that an outflow of economic benefit will be required to settle the obligation.
A disclosure for contingent liability is made when there is a possible obligation or a present obligation that may but probably will not require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.
A provision for onerous contract is recognized when the expected benefits to be derived by the Bank from a contract are lower than the unavoidable cost of meeting its obligation under the contract.
Provisions are reviewed at each reporting date and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of resources would be required to settle the obligation, the provision is reversed. Contingent assets are not recognized in the financial statements. However, contingent assets are assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the asset and related income are recognized in the period in which the change occurs. Details of Provisions, Contingent Liabilities and Contingent Assets are presented in Schedule 4.28.
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3.12. Revenue Recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Bank and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognised.
a. Interest Income
Interest Income include interest income on loan and advance, investment securities except on those investment securities measured at fair value through profit or loss, cash and cash equivalent, due from Nepal Rastra Bank, due from BFIs, loan and advances to staff etc.
Interest income on loans and advances is recognized on amortised principal which is nearer to the effective interest method suggested by NFRS. The adoption of effective interest method is not possible due to constraints of time, effort and cost in short term compared to the benefits it provides. Benefit of carve out has been applied to this effect. Interest of loans and advances which are significantly impaired are not recognized. Furthermore, the interest income has not been recognized where the loan's contractual payments of principal/and or interest are more than 12 months in arrears, irrespective of the net realizable value of the collateral as guided by the guidelines issued by NRB.
Interest income on government bond, treasury bills and bank balances are recognized under effective interest method.
b. Fees and commissions
Fees and commissions are generally recognised on an accrual basis when the service has been provided or significant act performed. Service Fee Income/Expenses are recognized on accrual basis unless it is impracticable to recognize as allowed through carve-out on NFRS.
c. Dividend Income
Dividend income is recognised when the Bank’s right to receive the payment is established, which is generally when the shareholders approve the dividend.
d. Net Trading Income
Net trading income includes all gains and losses from changes in fair value and the related interest income or expense and dividends, for financial assets and financial liabilities held for trading.
3.13. Interest Expense
Interest expense on all financial liabilities including deposits are recognized in Statement of Profit or Loss using effective interest rate method. Interest expense on all trading liabilities are
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considered to be incidental to the Bank’s trading operations and are presented together with all other changes in fair value of trading assets and liabilities in net trading income.
3.14. Employee Benefits
a. Short term employee benefits
Short term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is also recognized for the amount expected to be paid under bonus required by the Bonus Act, 2030 to pay the amount as a result of past service provided by the employee and the obligation can be estimated reliably under short term employee benefits.
Short-term employee benefits include all the following items (if payable within 12 months after the end of the reporting period): wages, salaries and social security contributions, paid annual leave and paid sick leave, profit-sharing and bonuses and non-monetary benefits
I. Post-Employment Benefits
Post-employment benefit plan includes the followings;
II. Defined Contribution Plans
A defined contribution plan is a post-employment benefit plan under which a Bank pays fixed contribution into a separate Bank (a fund) and will have no legal or constructive obligation to pay further contributions if the fund does not hold sufficient assets to pay all employee benefits relating to employee services in the current and prior periods, as defined in Nepal Accounting Standards – NAS 19 (Employee Benefits).
Provident Fund
Bank deduct ten percent of the basic remuneration of each labour, add cent percent to that amount and deposit the total amount for the purpose of provident fund. The above expenses are identified as contributions to ‘Defined Contribution Plans’ as defined in Nepal Accounting Standards – NAS 19 (Employee Benefits).
Bank have deposited NPR 17,291,804 as expense in the Provident Fund during the FY 2077.78.
Gratuity
Bank has followed Defined Contribution Plan dated from 2075/10/01. Provision for Gratuity has been deposited as per the Labor Act 2074. Bank has followed following rate to deposit the gratuity:
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For the employee who have worked first 15 years or less than that, gratuity is provided at 8.33% of the basic remuneration of each month.
For the employee who have worked above 15 years and upto 20 years, gratuity is provided at 12.50% of the basic remuneration of each month
For the employee who have worked above 20 years, gratuity is provided at 16.67% of the basic remuneration of each month
Bank has deposited NPR 14,453,431 for gratuity expense during the FY 2077.78.
a. Defined Benefit Plans
A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The bank’s net obligation in respect of defined benefit plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in return for their service in current and prior periods. That benefit is discounted to determine its present value.
Any unrecognized past service costs and the fair value of any plan assets are deducted. The discount rate is the yield at the reporting date on corporate bonds, that have maturity dates approximating the terms of the bank’s obligation and that are denominated in the currency in which the benefits are expected to be paid.
b. Termination Benefits
Termination benefits are recognised as an expense when the Bank is demonstrably committed, without realistic possibility of withdrawal, to a formal detailed plan to either terminate employment before the normal retirement date, or to provide termination benefits as a result of an offer made to encourage voluntary redundancy. Termination benefits for voluntary redundancies are recognised as an expense if the Bank has made an offer of voluntary redundancy, it is probable that the offer will be accepted, and the number of acceptances can be estimated reliably. If benefits are payable more than 12 months after the reporting date, then they are discounted to their present value.
Bank has provided NPR 16,700,369 under Voluntary Retirement Service during the FY 2077.78.
3.15. Leases
Lease payments under an operating lease shall be recognized as an expense on a straight-line basis over the lease term unless either:
Another systematic basis is more representative of the time pattern of the user’s benefit even if the payments to the lessors are not on that basis; or
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The payments to the lessor are structured to increase in line with expected general inflation to compensate for the lessor’s expected inflationary cost increases. If payments to the lessor vary because of factors other than general inflation, then this condition is not met.
Majority of lease agreements entered by the Banks are with the clause of normal increment of 5%-15% p.a. which the management assumes are in line with the lessor’s expected inflationary cost.
Bank has implemented Operating lease and created provision for Operating Lease liability of NPR 27,837,064.43 upto FY 2077.78.
3.16. Foreign Currency Translation
The financial statements are presented in Nepalese Rupees (NPR). Transactions in foreign currencies are initially recorded at the functional currency rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the functional currency rate of exchange at the Statement of Financial Position date.
3.17. Share Capital and Reserves
Equity is the residual interest in the total assets of the Bank after deducting all of its liability. Shares are classified as equity when the Bank has an unconditional right to avoid delivery of cash or another financial asset, that is, when the dividend and repayment of capital are at the sole and absolute discretion of the Bank and there is no contractual obligation whatsoever to that effect.
Reserves are the allocation out of profit or retained earnings. These are created as statutory requirement, accounting standard requirement and bank’s own requirement. Details of Share Capital and Reserves are provided in Schedule 4.26 and 4.27.
3.18. Earnings per Share (EPS) and Diluted EPS
Bank presents basic and diluted Earnings per share (EPS) data for its ordinary shares. Basic EPS is calculated by dividing the profit and loss attributable to ordinary equity holders of Bank by the weighted average number of ordinary shares outstanding during the period. The number of shares is taken as the weighted average number of shares for the relevant period as required by NAS 33 - Earnings per Share.
Diluted EPS is determined by adjusting both the profit and loss attributable to the ordinary equity holders and the weighted average number of ordinary shares outstanding, for the effects of all dilutive potential ordinary shares.
The bank’s earnings per share has increased from Rs.7.33 to Rs.14.98 in current fiscal year due to the increase in business volume and profitability.
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Details of calculation of Earnings per share is as follows:
Amount (NPR) Particulars As at 15 July 2021 As at 15 July 2020
Profit attributable to ordinary shareholders 410,080,457.04 191,097,813.72Number of ordinary shares as at year end 27,369,724.20 26,066,404.00Basic earnings per equity share 14.98 7.33Diluted earnings per share 14.98 7.33
3.19. Proposed Dividend
The Board of Directors of the Bank has proposed the following dividend by passing the resolution in the 277th Board Meeting, held on October 5, 2021 for the financial year 2077.78. The payment is subject to the approval of the shareholders in the ensuing Annual General Meeting of the Bank.
The amount of the dividend proposed in current year and previous year is as follows:
Particulars As at 15 July 2021 As at 15 July 2020 Percentage Amount (NPR) Percentage Amount (NPR)
Stock Dividend 10% 273,697,242 5% 130,332,020Cash Dividend 0.5263% 14,405,118 0.2632% 6,859,580Total 10.5263% 288,102,360 5.2632% 137,191,600
3.20. Segment Reporting
The Bank’s operating segments are organized and managed separately through the respective department/business managers according to the nature of products and services provided with each segment representing a strategic business unit. Segment report include items directly attributable to a segment as well as those that can be allocated on a reasonable basis
The bank has identified three segments namely: Core Banking, Treasury and Digital Banking for the segment reporting. Details are provided in Notes 5.4
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
Additional Disclosure A. Impact of COVID 19
Nepal Rastra Bank (NRB) has taken measures to alleviate the impact of the pandemic which includes the deferment in instalment and interest collection by six, nine and twelve months as the case may be and relaxation in loans and advances classification norms among other things.
To revive the business and provide the financial relief to the customers, Shangri-la Development Bank Ltd. has provided the additional working capital to the COVID impacted customers, deferred the instalment and interest collection and extended the discount on interest due as per NRB Circular.
Pursuant to the requirement of NRB Circular No: 1/078/79 related to AGM Clearance and Dividend Distribution Procedure of FY 2077.78, following disclosure are provided.
Table No. 1: Forbearance/relaxation
Particulars
As of Ashad end 2078 No. of
Customers Amount (NPR)
Accrued Interest Received after Asadh end 2078 till 15 Bhadra 2078
13,839 77,164,839.32
Additional 0.3% Loan Loss Provision created on Pass Loan Portfolio
18,723 96,688,045.11
Extension of moratorium period of loan provided to Industry or Project under construction
N.A. N.A.
Restructured/Rescheduled Loan with 5% Loan Loss Provision 335 820,251,511.93 Enhancement of Working Capital Loan by 20% to COVID affected borrowers
57 65,030,128.26
Enhancement of Term Loan by 10% to COVID affected borrowers
N.A. N.A.
Expiry Date of Additional 20% Working Capital Loan (COVID Loan) extended for up to 1 year with 5% provisioning
36 33,359,766.40
Expiry Date of Additional 10% Term Loan (COVID Loan) extended for up to 1 year with 5% provisioning
N.A. N.A.
Time Extension provided for repayment of Principal and Interest for up to two years as per clause 41 of NRB Directives 2
Principal – 113 Interest - 69
8,804,284.54 11,202,792.28
Table No. 2 Refinance and Business Continuity
Particulars As of Ashad end 2078
No. of Customers Amount (NPR) Refinance Loan 332 750,463,771.02 Business Continuity Loan N.A. N.A.
Table No. 3 Subsidized Loan
Particulars As of Ashad end 2078 No. of Customers Amount (NPR)
Subsidized Loan 1,282 1,313,810,215.50
B. Loan and Advances Classification
Bank has disbursed NPR 36,293,876,868.83 as Loans and Advances as on the reporting period and out of those insured loan is NPR 1,762,937,506.25. Details of loan with classification are as follows:
Amount in NPR
Classification Percent
age Insured Other Total
Pass (Other than Restructured/ Rescheduled Covid Related)
1.30% 1,739,341,920.27 31,796,989,285.64 33,536,331,205.91
Pass (Restructured/ Rescheduled Covid Related)
5.00% - 801,602,360.52 801,602,360.52
Watch List 5.00% 17,225,732.18 1,435,157,821.32 1,452,383,553.50 Rescheduled/Restructured 12.50% - - - Substandard 25.00% 2,934,886.75 214,338,167.14 217,273,053.89 Doubtful 50.00% 1,721,686.75 201,665,032.57 203,386,719.32 Bad 100.00% 1,713,280.30 81,186,695.39 82,899,975.69 Total Loan 1,762,937,506.25 34,530,939,362.58 36,293,876,868.83
C. Interest Capitalization of Loan
Interest capitalized related to Loans disbursed to the National prioritized sector as on the reporting period are as follows:
Amount in NPR Name Outstanding Loan Interest Capitalized
Yambaling Hydro Power Pvt. Ltd. 119,125,723.09 5,274,326.69
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4.1 Cash and Cash Equivalent
Particulars As at 15 July 2021 As at 15 July 2020Cash In Hand 710,651,454 668,557,778 Balances with BFIs 5,627,094 3,006,407 Money at Call and Short Notice 3,120,508,074 3,157,030,923 Other 1,255,122,985 249,137,530 Total 5,091,909,607 4,077,732,638
4.2 Due from Nepal Rastra Bank
Particulars As at 15 July 2021 As at 15 July 2020Statutory Balances with NRB 1,471,170,389 1,426,477,154 Securities purchased under Resale Agreement - - Other deposit and receivable from NRB 18,641,856 120,550 Total 1,489,812,245 1,426,597,704
4.3 Placement with Banks & Financial Institutions
Particulars As at 15 July 2021 As at 15 July 2020Placement with Domestic B/FIs 5,547,188 5,610,012 Placement with Foreign B/FIs - - Less: Allowances for Impairment - - Total 5,547,188 5,610,012
Shangri-la Development Bank Limited
Placement with Banks and Financial Institution includes the placements with domestic as well asforeign bank and financial institutions with original maturities of more than three months from theacquisition date. Placement with domestic B/FIs includes Fixed Deposit in USD with Sunrise BankLimited with original maturities of 6 months of USD 23,536.81 and 1 Year of USD 23,000.
The fair value of cash and cash equivalent is its carrying value. Cash at vault is adequately insured forphysical and financial risks. The amount of cash at vault is maintained on the basis of the liquidityand business requirements. Balance with BFIs includes balance maintained at various banks andfinancial institutions. Other items on cash and cash equivalents includes interbank placements andtreasury bills with maturity above 7 days and below 3 months.
The fair value of balance with the Nepal Rastra Bank (NRB) is its carrying amount itself. Balancewith the NRB is principally maintained as a part of the regulatory cash reserve ratio required by theNRB. Other deposit and receivable from NRB includes receivable from NRB for interest subsidy.
Amount in NPR
Amount in NPR
Amount in NPR
Notes forming part of the financial statements (Continued..)
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.4 Derivative financial instruments
Particulars As at 15 July 2021 As at 15 July 2020Held for Trading - -
Interest Rate Swap - - Currency Swap - - Forward exchange Contract. - - Others - -
Held for risk management - - Interest Rate Swap - - Currency Swap - - Forward exchange Contract - - Others - -
Total - -
As of 31 Ashad 2078 the bank does not have placement with bank and financial institutions.
4.5 Other Trading Assets
Particulars As at 15 July 2021 As at 15 July 2020Tresury billsGovernment Bonds - - NRB Bonds - - Domestic Corporate bonds - - EquityOther - - Total - - Pledged - - Non-Pledged - -
Trading assets are those assets that the bank has acquired for the purpose of selling in the near term, or holds as part of a portfolio that is managed together for short-term profit are presented under this head.
Amount in NPR
Amount in NPR
4.6 Loan and Advances to BFIs Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Loans to microfinance institutions 3,184,695,762 940,500,873 Other - - Less: Allowances for impairment (41,401,045) (9,405,009)
3,143,294,717 931,095,864
4.6.1 Specific Allowance for Impairment Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Balance at Shrawan 1 9,405,009 4,342,935 Impairment loss for the year:Charge for the year 31,996,036 5,062,074 Recoveries/reversal - - Amount written off - - Balances at Ashad end 41,401,045 9,405,009
4.7 Loans and advances to customers Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Loan and advances measured at amortized cost 33,770,812,989 23,459,992,982 Less: Impairment allowances
Individual impairment (236,430,715) (126,072,368)Collective impairment (489,633,815) (399,523,041)
Net amount 33,044,748,460 22,934,397,573 Loan and advances measured at FVTPL - - Total 33,044,748,460 22,934,397,573
Above impairment is higher of Impairment as per NRB Directive no.2 or as per Para 63 of NAS 39.
Shangri-la Development Bank Limited
Impairment allowance on Loans and advances to BFIs have been considered as per NRB Directive.
No individual loans to banks and micro finance has terms and conditions that significantly affectthe amount, timing or certainty of consolidated cash flows of the Bank. Risks associated with theseassets are regularly assessed. These are interest bearing advances and the income on these assets iscredited to Statement of Profit or Loss under interest income.
Notes forming part of the financial statements (Continued..)
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Shangri-la Development Bank LimitedNotes forming part of the financial statements (Continued..)
4.7.1 Analysis of loan and advances- By Product Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Product
Term loans 11,020,417,809 8,635,840,980 Overdraft 7,132,490,843 5,547,686,344 Trust receipt/Import loans - - Demand and other working capital loans 788,126,197 416,283,742 Personal residential loans 5,137,472,411 3,283,623,903 Real estate loans 1,912,131,704 1,185,614,389 Margin lending loans 1,271,323,222 401,932,633 Hire purchase loans 2,826,760,553 2,172,417,299 Deprived sector loans 2,154,160,805 843,207,493 Bills purchased - Staff loans 476,398,474 268,357,852 Other 866,297,563 499,161,924
Sub total 33,585,579,581 23,254,126,558 Interest receivable 185,233,408 237,357,136
Grand total 33,770,812,989 23,491,483,694
4.7.2 Analysis of loan and advances- By Currency Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Nepalese rupee 33,770,812,989 23,491,483,694 Indian rupee - - USD - - GBP - - Euro - - JPY - - Chinese Yuan - - Other - - Total 33,770,812,989 23,491,483,694
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Shangri-la Development Bank LimitedNotes forming part of the financial statements (Continued..)
4.7.3 Analysis of loan and advances- By Collateral Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020SecuredMovable / Immovable assets 29,568,595,164 22,462,977,616 Gold and silver 142,911,179 961,596 Guarantee of domestic B/Fis 33,575,028 4,143,735 Government Guarantee - 3,363,294 Guarantee of international rated bank - - Export document - - Fixed Deposit receipts 299,718,207 131,053,677 Government securities / bonds Counter guarantee - - Counter guarantee - - Personal guarantee 1,544,547,777 217,518,103 Other 2,181,465,633 671,465,674 Subtotal 33,770,812,989 23,491,483,694
Unsecured - - Grand Total 33,770,812,989 23,491,483,694
4.7.4 Allowances for Impairment Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Specific allowances for impairmentBalance at Shrawan 1 126,072,368 69,183,832 Impairment loss for the year: - -
Charge for the year - - Recoveries/reversal during the year 110,358,347 56,888,535
Write-offs - - Exchange rate variance on foreign currency - - Other movement - - Balance at Ashad end 236,430,715 126,072,368
Collective allowances for impairmentBalance at Shrawan 1 399,523,041 204,773,490 Impairment loss for the year:
Charge/(reversal) for the year 90,110,773 194,749,551 Exchange rate variance on foreign currency - -
Other movement - - Balance at Ashad end 489,633,815 399,523,041 Total allowances for impairment 726,064,529 525,595,409
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Shangri-la Development Bank LimitedNotes forming part of the financial statements (Continued..)
4.8 Investment Securities Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Investment securities measured at amortized cost 3,925,264,403 2,480,588,693 Investment in equity measured at FVTOCI 565,886,387 448,989,072 Total 4,491,150,789 2,929,577,765
4.8.1 Investment Securities Measured at Amortized Cost Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Debt securities - Government bonds 2,444,703,678 1,596,388,189 Government treasury bills 1,480,560,725 884,200,504 Nepal Rastra Bank bonds - Nepal Rastra Bank deposits instruments - - Other - - Less: specific allowances for impairment - - Total 3,925,264,403 2,480,588,693
4.8.2 Investment Securities Measured Through Other Comprehensive Income Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Equity instruments
Quoted equity securities 531,381,487 385,650,872 Unquoted equity securities 34,504,900 63,338,200
Total 565,886,387 448,989,072
Investment made by the Bank in financial instruments has been presented under this account head intwo categories i.e. investment securities measured at amortized cost and investment in equitymeasured at fair value through other comprehensive income. Investment other than those measuredat amortized cost is measured at fair value and changes in fair value has been recognized in othercomprehensive income. Where income from the investment is received in the form of bonus shares,the valuation of investment is made by increasing the number of shares without changing in the costof investment. Treasury Bills with orginal maturity up to 3 months have been classified under cashand cash equivalent.
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Shangri-la Development Bank Limited
4.8.3 Investment in Shares
S.No. ParticularsCost Price Fair Value Cost Price Fair Value
Investment in listed Share1 Sunrise Bluechip Fund 46,050,260 46,787,064
4,605,026 Kitta Per share Rs. 102 Sanima Large Cap Fund 10,000,000 10,500,000
1,000,000 kitta per share Rs .103 Kumari Equity Fund 10,000,000 10,500,000
1,000,000 kitta per share Rs .104 prabhu select fund 14,681,000 14,886,534
1,468,100 kitta per share Rs .105 NIBL Samriddhi Fund 2 36,721,230 39,695,650
3,672,123 kitta per share Rs .106 NIBL Sahabhagita Fund 2,500,000 4,362,500
250,000 kitta per share Rs .107 NIC Asia Dyanamic Debt Fund 6,648,200 7,479,225
664,820 kitta per share Rs .108 NMB Hybrid Fund 7,887,010 7,492,660
788,701 kitta per share Rs.109 Laxmi Equity Fund 11,699,160 10,260,163
1,169,916 kitta per share Rs.1010 Global IME Samunnat Scheme 7,119,870 6,108,848
711,987 kitta per share Rs.1011 Nabil Mutual Fund Equity 11,265,040 10,510,282
1,126,504 kitta per share Rs.1012 Siddhartha Equity Fund 9,677,480 9,677,480
967,748 kitta per share Rs.1013 Sanima Equity Fund 5,000,000 4,965,000
500,000 kitta per share Rs.1014 CITIZEN Mutual Fund 5,000,000 5,030,000
500,000 kitta per share Rs.1015 NIC Asia Equity Fund 5,000,000 5,095,000
500,000 kitta per share Rs.1016 Butwal Power Company Ltd 10,020,000 8,687,800
24,200 kitta per share Rs.10017 Nabil Balanced Fund II 10,000,000 9,900,000
1,000,000 kitta per share Rs.1018 NIC Asia Balanced Fund 5,000,000 5,190,000
500,000 kitta per share Rs.1019 National Life Insurance Co. Ltd. 10,987,786 6,400,216
9,668 kitta per share Rs.10020 Nepal Life Insurance Co. Ltd. 26,164,973 23,028,000 12,883,856 14,064,120
12,000 kitta per share Rs .10021 Life Insurance Co. Nepal 16,182,454 16,394,000 8,490,963 6,540,940
7,000 kitta per share Rs .10022 Neco Insurance Co. Ltd. 5,947,474 4,893,240
3,630 kitta per share Rs .10023 Prime Life Insurance Co. Ltd. 269,387 333,900
350 kitta per share Rs .10024 Surya Life Insurance Co. Ltd. 18,653,035 18,440,000
20,000 kitta per share Rs .10025 Premier Insurance Company 4,989,964 4,680,000 5,764,015 5,308,072
4,000 kitta per share Rs .10026 Siddhartha Insurance Ltd. 5,500 257,094 5,500 141,520
243 kitta per share Rs .10027 Shikhar Insurance Co. Ltd. 4,307,043 2,250,971
2,209 kitta per share Rs .10029 Ngadi Group Power Ltd. 2,300 15,390 2,300 2,875
27 kitta per share Rs .10030 Jalabidyut Lagani tatha Bikas Co. Ltd. 151,200 221,179
1,663 kitta per share Rs .10031 Arun Kabeli Power Ltd. 29,500 147,414 29,500 34,220
311 kitta per share Rs.100
As at 15 July 2021 As at 15 July 2020
Notes forming part of the financial statements (Continued..)
Amount in NPR
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Shangri-la Development Bank LimitedNotes forming part of the financial statements (Continued..)
4.8.3 Investment in Shares (Continued..)
S.No. Particulars
Cost Price Fair Value Cost Price Fair Value32 Ridi Hydro. Development Company Ltd. 3,600 23,040 3,600 3,205
40 kitta per share Rs .10033 United Modi Hydropower Ltd. 33,700 135,811 33,700 35,048
337 kitta per share Rs .10034 Swabalamban Bikas Bank Limited 22,237,860 20,239,800 11,085,085 11,535,948
12,200 kitta per share Rs .10035 Chhimek Laghubitta Bikas Bank Limited 14,328,110 13,904,000 5,989,796 8,397,360
8,000 kitta per share Rs .10036 Nirdhan Uthan Bikash Bank 14,059,533 12,145,600 4,003,850 3,890,292
7,591 kitta per share Rs .10037 Sana Kishan Bikash Bank Ltd 4,796,333 8,276,962
5,000 kitta per share Rs .10038 Deprosc Laghubitta Bittiya Sanstha Limited 2,140,667 3,121,930
3,605 kitta per share Rs .10039 Nerude Laghubita Bikas Bank Ltd. 12,032,366 11,200,000
7,000 kitta per share Rs .10040 Citizen Investment Trust 41,457,864 37,475,885
10,735 kitta per share Rs .10041 Soaltee Hotel Limited 2,500,898 2,507,340 2,500,898 1,473,780
9,570 kitta per share Rs .10042 NLG Insurance Company 5,505,530 3,285,000
5,000 kitta per share Rs .10043 Prabhu Life Insurance 177,750,000 177,750,000 177,750,000 177,750,000
1,777,500 kitta per share Rs .10044 General Insurance Copany 30,000,000 30,000,000 30,000,000 30,000,000
300,000 kitta per share Rs .10045 Sadhana Laghubitta Bittiya Sanstha Ltd. (Prom.) 20,000,000 23,600,000 20,000,000 20,000,000
236,000 kitta per share Rs .100Sub-Total 533,249,208 531,381,487 394,100,183 385,650,872
Investment in Unlisted Share1 Nepal Clearing House Limited 925,000 1,838,200 925,000 1,838,200
18,382 kitta per share Rs .1002 Nepal Electronic Payment System 1,000,000 1,000,000 1,000,000 1,000,000
10,000 kitta per share Rs .1003 Smart Choice Technologies Ltd. 26,666,700 26,666,700
266,667 kitta per share Rs .1004 NIC Asia Select 30 5,000,000 5,000,000
500,000 kitta per share Rs .105 Citizens Mutual Fund -II 3,000,000 3,000,000
300,000 kitta per share Rs .106 NIBL Sahabhagita 2,500,000 2,500,000
250,000 kitta per share Rs .107 Siddhartha Investment Growth Scheme-2 5,000,000 5,000,000
500,000 kitta per share Rs .108 NMB 50 Mutual Fund 20,000,000 20,000,000
2,000,000 kitta per share Rs .109 Sunrise First Mutual Fund 30,000,000 30,000,000
3,000,000 kitta per share Rs .10Sub-Total 33,591,700 34,504,900 62,425,000 63,338,200 Total 566,840,908 565,886,387 456,525,183 448,989,072
As at 15 July 2021 As at 15 July 2020
Amount in NPR
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4.9 Current Tax Assets
Particulars As at 15 July 2021 As at 15 July 2020Current income tax assets 195,126,844 109,452,462 Current tax of prior periods - - Total Current Tax Assets 195,126,844 109,452,462 Current income tax liabilities 185,403,693 79,636,045 Current tax of prior periods - - Total Current Tax Liabilites 185,403,693 79,636,045 Total (Current Assets - Current Liabilities) 9,723,151 29,816,417
4.10 Investment in subsidiaries
Particulars As at 15 July 2021 As at 15 July 2020Investment in quoted subsidiaries - Investment in unquoted subsidiaries - Total Investment - - Less: ImpairmmentNet Carrying Amount - -
Amount in NPR
Current Tax Assets includes advance income tax paid by the Bank under self assessment tax returnsfiled as per the Income Tax Act 2058 and tax deducted at source (TDS) on behalf of the Bank.Simialrly, the current income tax liabilities includes the tax payable to the Government computed asper the provision of the Income Tax Act 2058.
Notes forming part of the financial statements (Continued..)Shangri-la Development Bank Limited
Amount in NPR
4.10.1 Investment in Quoted SubsidiariesAmount in NPR
ParticularsCost Fair Value Cost Fair Value
…………………………………….Ltd. …………shares of Rs. …….each - - - - …………………………………….Ltd. …………shares of Rs. …….each - - - - Total - - - -
As at 15 July 2020 As at 15 July 2021
4.10.2 Investment in Unquoted SubsidiariesAmount in NPR
ParticularsCost Fair Value Cost Fair Value
…………………………………….Ltd. …………shares of Rs. …….each - - - - …………………………………….Ltd. …………shares of Rs. …….each - - - - Total - - - -
As at 15 July 2020 As at 15 July 2021
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4.10.3 Information relating to subsidiaries of the bank
Particulars
…………………………………….Ltd. …………………………………….Ltd.
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
Amount in NPR
As at 15 July 2020Percentage of Ownership by Bank As at 15 July 2021
4.11 Investment in Associates
ParticularsCost Fair Value Cost Fair Value
Investment in quoted associates - - - - Investment in unquoted associates - - - - Total Investment - - - - Less Impairmment - - - - Net Carrying amount - - - - The Bank does not have any associates as on the reporting date.
4.11.1 Investment in quoted associates
ParticularsCost Fair Value Cost Fair Value
…………………………………….Ltd. …………shares of Rs. …….each - - - - …………………………………….Ltd. …………shares of Rs. …….each - - - - Total - - - -
As at 15 July 2021
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
Amount in NPR
Amount in NPR
As at 15 July 2020 As at 15 July 2021
As at 15 July 2020
4.10.4 Non Controlling Interest of the subsidiaries
ParticularsEquity interest held by NCI (%)Profit/(loss) allocated during the yearAccumulated balance of NCI as on Ashad endDividend paid to NCI
ParticularsEquity interest held by NCI (%)Profit/(loss) allocated during the yearAccumulated balance of NCI as on Ashad endDividend paid to NCI
Amount in NPR As at 15 July 2021
As at 15 July 2020
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4.11.4 Equity value of associates
Particulars As at 15 July 2021 As at 15 July 2020…………………………………….Ltd. -
4.12 Investment Properties
Particulars As at 15 July 2021 As at 15 July 2020Investment properties measured at fair valueBalance as on Sharwan 1 - - Addition/disposal during the year - - Net changes in fair value during the year - - Adjustment/transfer - - Net amount - -
Investment properties measured at costBalance as on Sharwan 1, - - Addition/disposal during the year - - Net changes in fair value during the year - - Adjustment/transfer - - Net amount - - Total - -
The Bank does not have any investment properties as on the reporting date.
Amount in NPR
Amount in NPR
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.11.2 Investment in Unquoted associates
ParticularsCost Fair Value Cost Fair Value
…………………………………….Ltd. - - - - Total - - - -
4.11.3 Information relating to associates of the bank
Particulars
…………………………………….Ltd.
Percentage of Ownership by Bank
Amount in NPR
As at 15 July 2021 As at 15 July 2020
As at 15 July 2020 As at 15 July 2021
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4.13
Prop
erty
and E
quip
ment
(PE)
Amou
nt in
NPR
Parti
cular
sLa
ndBu
ildin
gs
Leas
ehold
As
sets
Comp
uter
Ac
cesso
ries
Vehi
cles
Furn
iture
&
Fixt
ures
Mac
hine
ry
Othe
r Asse
tsTo
tal A
shad
en
d 207
8 T
otal
Asha
d en
d 207
7
Balan
ce at
Ash
ad en
d 207
6-
-
275,6
04,27
3
40,86
0,610
52,39
1,453
83
,810,3
99
-
21
9,369
,210
67
2,035
,945
26
0,226
,934
Ad
dition
s-
-
26,36
7,944
1,687
,500
5,302
,300
6,349
,728
-
21,16
6,288
60,87
3,759
143,1
28,19
0
Acqu
isitio
n dur
ing th
e yea
r-
-
26,36
7,944
1,687
,500
5,302
,300
6,349
,728
-
21,16
6,288
60,87
3,759
143,1
28,19
0
Capit
aliza
tion
-
-
-
-
Di
spos
als-
-
-
948,4
58
7,306
,908
56,21
3
-
1,305
,574
9,617
,152
3,158
,626
Adjus
tmen
t
-
-
-
-
-
-
-
-
-
0
Balan
ce at
Ash
ad en
d 207
7
-
-
301
,972,2
16
41
,599,6
52
50,3
86,84
5
90,1
03,91
4
-
239
,229,9
24
723
,292,5
52
400
,196,4
99
-
Addit
ions
-
-
12
,124,9
59
6,7
69,04
7
10
,388,0
52
5,377
,427
-
18,52
6,764
53,18
6,249
282,0
40,17
9
Acqu
isitio
n dur
ing th
e yea
r-
-
12,12
4,959
6,769
,047
10,38
8,052
5,3
77,42
7
-
18
,526,7
64
53
,186,2
49
28
2,040
,179
Ca
pitali
zatio
n-
-
-
-
-
-
-
-
-
-
Di
spos
als-
-
1,414
,631
1,092
,669
282,6
50
1,5
11,77
7
-
4,3
30,54
6
8,6
32,27
3
10
,200,7
32
Ad
justm
ent
-
-
-
-
-
-
-
-
-
-
Balan
ce at
Ash
ad en
d 207
8
-
-
312,6
82,54
4
47,2
76,03
0
60,49
2,248
93,96
9,564
-
253
,426,1
42
767
,846,5
28
672
,035,9
45
-
Accu
mulat
ed de
prec
iation
and i
mpair
ment
-
Balan
ce at
Ash
ad en
d 207
673
,500,0
62
22
,675,2
25
25
,755,5
74
32,74
7,027
-
89,65
7,911
244,3
35,79
8
158,3
77,16
8
Depr
eciat
ion C
harg
e for
the Y
ear
-
-
27
,405,9
76
5,3
40,88
3
7,6
90,12
1
9,7
40,23
4
25
,221,9
87
75
,399,2
01
34
,459,4
39
Im
pairm
ent f
or th
e Yea
r-
-
-
-
-
Disp
osals
-
-
-
94
8,436
7,2
33,00
4
56
,203
1,1
00,93
1
9,3
38,57
4
2,3
89,89
9
Ad
justm
ent
-
-
-
-
(0)
Balan
ce at
Ash
ad en
d 207
7
100,9
06,03
8
27,0
67,67
1
26,21
2,691
42,43
1,058
-
113
,778,9
67
310
,396,4
25
190
,446,7
07
Notes
form
ing p
art o
f the
fina
ncial
stat
emen
ts (C
ontin
ued..
)Sh
angr
i-la D
evelo
pmen
t Ban
k Lim
ited
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sCo
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Acce
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sVe
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Furn
iture
&
Fixtu
res
Mac
hiner
yOt
her A
ssets
Total
Ash
ad
end 2
078
Tota
l Ash
ad
end 2
077
Depr
eciat
ion C
harg
e for
the Y
ear
-
-
27
,154,8
63
5,5
61,85
2
8,7
76,00
2
10
,221,3
31
-
27,51
4,230
79,22
8,279
63,04
1,503
Impa
irmen
t for
the Y
ear
-
-
-
-
-
-
Disp
osals
-
-
1,3
72,19
0
1,0
92,64
5
28
2,644
1,476
,073
-
3,8
21,57
4
8,0
45,12
6
9,1
52,41
2
Ad
justm
ent
-
-
-
-
-
-
Balan
ce at
Ash
ad en
d 207
8
-
-
12
6,688
,711
3
1,536
,879
34
,706,0
49
51
,176,3
17
-
137,4
71,62
3 3
81,57
9,578
2
44,33
5,798
Ca
pital
Wor
k in P
rogr
ess 20
76
-
-
-
-
-
-
-
-
-
-
Ca
pital
Wor
k in P
rogr
ess 20
77
-
-
-
-
-
-
-
-
-
-
Ca
pital
Wor
k in P
rogr
ess 20
78
-
-
-
-
-
-
-
-
-
-
-
Net B
ook V
alue
Land
Build
ings
Leas
ehold
As
sets
Comp
uter
Ac
cesso
ries
Vehic
lesFu
rnitu
re &
Fi
xture
s M
achin
ery
Oth
er A
ssets
Tota
l Ash
ad
end 2
078
Tota
l Ash
ad
end 2
077
Balan
ce at
Ash
ad en
d 207
6
-
-
20
2,104
,211
1
8,185
,386
26
,635,8
79
51
,063,3
72
-
129,7
11,29
9 4
27,70
0,147
1
01,84
9,766
Ba
lance
at A
shad
end 2
077
-
-
201,0
66,17
8
14,5
31,98
1
24,17
4,155
47,67
2,855
-
12
5,450
,957
412
,896,1
27
209
,749,7
92
Balan
ce at
Ash
ad en
d 207
8
-
-
18
5,993
,833
1
5,739
,152
25
,786,1
99
42
,793,2
47
-
115,9
54,51
9 3
86,26
6,949
4
27,70
0,147
Thec
osto
fan
item
ofpr
opert
yan
deq
uipme
ntha
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anas
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initia
llyrec
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Subs
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pend
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isca
pitali
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ifit
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efits
from
theex
pend
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will
flow
tothe
Bank
.Any
gain
orlos
son
dispo
salo
fan
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ofpr
opert
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ment
(calcu
lated
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betw
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thene
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ofit
orlos
sac
coun
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ediff
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sets
regist
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prev
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earf
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temen
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tedin
theop
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balan
ce.Pr
opert
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Equip
ment
with
costs
less
than N
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re ch
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off o
n pur
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reve
nue e
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.14 Goodwill & Intangible Assets
Goodwill Purchased Developed Others
CostBalance at Ashad end 2076 - 20,040,675 - - 20,040,675 12,981,339 Additions: - - - - - 971,800 Acquisition - - - - - 971,800 Capitalization - - - - - - Disposals or classified as held for sale - - - - - - Adjustment - - - - - - Balance at Ashad end 2077 - 20,040,675 - - 20,040,675 13,953,139
Additions - 452,000 - - 452,000 6,087,536 Acquisition - 452,000 - - 452,000 6,087,536 Capitalization - - - - - - Disposals or classified as held for sale - - - - - - Adjustment - - - - - - Balance at Ashad end 2078 - 20,492,675 - - 20,492,675 20,040,675
- Amortization and Impairment - Balance at Ashad end 2076 - 12,930,288 - - 12,930,288 9,520,745 Amortization charge for the Year - 1,937,980 - - 1,937,980 1,459,034 Impairment for the Year - - - - Disposals - - - - - - Adjustment - - - - - - Balance at Ashad end 2077 - 14,868,268 - - 14,868,268 10,979,778 Amortization charge for the Year - 1,701,123 - - 1,701,123 1,950,510 Impairment for the Year - - - - - Disposals - - - - - - Adjustment - - - - - - Balance at Ashad end 2078 - 16,569,390 - - 16,569,390 12,930,288 Capital Work in Progress -
Goodwill Purchased Developed Others
Balance at Ashad end 2076 - 7,110,387 - - 7,110,387 3,460,595 Balance at Ashad end 2077 - 5,172,408 - - 5,172,408 2,973,361 Balance at Ashad end 2078 - 3,923,285 - - 3,923,285 7,110,387
Amount in NPR
Net Book Value
ParticularsAs at
Ashad end 2077
As at Ashad end 2078
Software
Software
As at Ashad end 2078
As at Ashad end
2077
Acquired computer software licenses are capitalized on the basis of the costs incurred to acquire and bring to use thespecific software. Costs associated with the development of software are capitalized where it is probable that it willgenerate future economic benefits in excess of its cost. Computer software costs are amortized on the basis of expecteduseful life. Costs associated with maintaining software are recognized as an expense upfront. Software is amortised on astraight-line basis in profit or loss over its estimated useful life, from the date that it is available for use. The estimateduseful life of software for the current and comparative periods is five years. Software assets with costs less than NPR5,000 are charged off on purchases as revenue expenditure.
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4.15 Deferred taxDeferred Tax Assets/Liabilities
Amount in NPR
Particulars As at 15 July 2021
As at 15 July 2020
Deferred tax assets 33,340,536 28,432,733 Deferred tax liabilities - - Net Amount 33,340,536 28,432,733
As at 15 July 2020 Deferred Tax
Assets Deferred Tax
Liabilities Net Deferred Tax Assets/(Liabilities)
Deferred tax on temporary differences on following items - - Loan and advance to BFIs - - - Loan and advance to customers - - - Investment Properties - - - Investment Securities 2,260,833 - 2,260,833 Investment in Associate and Subsidiary - - - Property & Equipment 2,098,125 2,098,125 Gratuity Liability - - Leave Liability 16,908,098 - 16,908,098 Lease liabilities 7,165,677 - 7,165,677 Loan Loss Provision - - Other temporary differences - - - Deferred tax on temporory differences 28,432,733 - 28,432,733 ylosses - - Deferred tax due to changes in tax rate - - - Net Deferred tax asset/liabilities as on Ashadh End 2077 28,432,733
Deferred tax (asset)/liabilities as on Ashad End 2076 31,716,495
Origination/(Reversal) during the year (3,283,762) Deferred tax expense/(income) recognised in profit or loss 2,424,225
Deferred tax expense/(income) recognised in other comprehensive income
(5,707,987)
Deferred tax expense/(income recognised in directly in equity -
Particulars
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.15 Deferred tax (Continued..)
As at 15 July 2021
Deferred Tax Assets
Deferred Tax Liabilities
Net Deferred Tax Assets/(Liabilities)
Deferred tax on temporary differences on following items - - -
Loan and advance to BFIs - - - Loan and advance to customers - - - Investment Properties - - - Investment Securities 286,356 - 286,356 Investment in Associate and Subsidiary - - - Property & Equipment 2,858,399 2,858,399 Gratuity Liability - - Leave Liability 21,844,662 - 21,844,662 Lease liabilities 8,351,119 - 8,351,119 Loan Loss Provision - - Other temporary differences - - - Deferred tax on temporory differences 33,340,536 - 33,340,536 Deferred tax on carry forward of unused tax losses - - Deferred tax due to changes in tax rate - - - Net Deferred tax asset/liabilities as on Ashadh End 2078 33,340,536
Deferred tax (asset)/liabilities as on Ashad End 2077 28,432,733
Origination/(Reversal) during the year 4,907,804 Deferred tax expense/(income) recognised in profit or loss 6,882,281
Deferred tax expense/(income) recognised in other comprehensive income (1,974,477)
Deferred tax expense/(income recognised in directly in equity -
Particulars
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.16 Other AssetsAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Assets held for sale - - Other non banking assets - - Bills receivable - - Accounts receivable 56,698,177 73,597,268 Accrued Income - - Prepayments and Deposit 2,924,676 2,023,327 Income Tax Deposit Deferred Employee expenditure 67,186,476 31,490,712 Other 10,350,342 9,893,539 Stationery 9,411,761 9,042,049 Comission receivables (0) (2) Deposit 793,667 790,197 Gold and Silver Coin 144,914 61,294 Total 137,159,671 117,004,846
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4.17 Due to Bank and Financial InstitutionsAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Money Market Deposit - - Interbank Borrowing - - Other deposits from BFIs 1,052,292,705 1,120,730,594 Settlement and clearing accounts - - Other deposits from BFIs - - Total 1,052,292,705 1,120,730,594
4.18 Due to Nepal Rastra BankAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Refinance from NRB 750,463,771 1,327,845 Standing Liquidity Facility - - Lender of last resort facility from NRB - - Sale and repurchase agreement - - Other due to Nepal Rastra Bank - - Total 750,463,771 1,327,845
4.19 Derivative Financial InstrumentsAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Held for TradingInterest Rate Swap - - Currency Swap - - Forward exchange Contract. - - Others - - Held for risk management - - Interest Rate Swap - - Currency Swap - - Forward exchange Contract - - Others - - Total - - The Bank does not have any derivative financial instruments as on the reporting date.
The balances in accounts maintained with the Bank by other local financial institution have beenpresented under this head. Interbank borrowing, interbank deposit, balances on settlement and clearingaccounts as well as other amount due to bank and financial institution is presented under due to bank andfinancial institutions.
The amount payable to NRB shall include amount of refinance facilities, standing liquidity facility, saleand repurchase agreements, deposit from NRB etc.
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.20 Deposit from Customers
Particulars As at 15 July 2021 As at 15 July 2020Corporate CustomersTerm Deposit 9,708,591,661 5,790,186,524 Call Deposit 4,050,991,962 2,809,451,708 Current Deposit 611,217,183 400,170,351 Other 16,229,292 18,444,101
14,387,030,099 9,018,252,683 Retail DepositTerm Deposit 14,182,859,319 9,593,789,153 Saving Deposit 13,020,034,671 9,364,245,728 Current Deposit 201,220,414 124,113,884 Other 6,205,538 32,295,401
27,410,319,942 19,114,444,166 Total 41,797,350,041 28,132,696,849
4.20.1Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Nepalese rupee 41,797,350,041 28,132,696,849 Indian rupee - - United State dollar - - Great Britain pound - - Euro - - Japenese yen - - Chinese yuan - - Other - - Total 41,797,350,041 28,132,696,849
The Bank only has deposit on NPR as on the reporting date.
4.21 BorrowingAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Domestic BorrowingNepal Government - - Other Institution - - Other - - Subtotal - - Foreign BorrowingForeign B/FIs - - Multilateral Development Banks - - Other Institutions - - Sub total - - Total - - The Bank does not have any borrowing as on the reporting date.
Currency wise Analysis of Deposit from Customer
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.22 ProvisionsAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Provisions for redundancy - - Provision for restructuring - - Pending legal issues and tax litigation - - Onerous contracts - - Other - - Total - -
4.22.1 Movement in provisionAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Balance at Sawan 1 - Provisions made during the year Provisions used during the year Provisions reversed during the year Unwind of discount - - Balance at Asar end - -
4.23 Other LiabilitiesAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Liability for employees defined benefit obligations - - Liability for long-service leave 72,815,539 56,360,325 Short-term employee benefits Bills Payable 6,875,982 3,981,780 Creditors and accruals 174,459,970 63,572,489 Interest payable on deposit 102,952,991 102,628,879 Interest payable on borrowing - - Liabilities on defered grant income - - Unpaid Dividend 12,158,271 12,158,271 Liabilities under Finance Lease - - Employee bonus payable 65,400,208 29,812,182 Other 89,635,752 69,028,546
Audit Fee Payable 1,511,000 1,460,650 TDS payable 36,461,765 27,936,950 Central Fund 2,459,411 2,459,411 Emergency Fund 6,272,922 6,272,922 Liabilities for employees defined contribution obligations - - Other 42,930,654 30,898,613
Total 524,298,714 337,542,472
Liabilities relating to employees benefits like gratuity and pension fund, liabilities for long-service leave,short-term employee benefits etc., Creditors and accruals, unpaid dividend etc. are presented under thisaccount head of other liabilities. Long service leave consists of sick leave and annual leave. Actuarialbreakup for defined benefit obligations have been disclosed in dicslosure in Note 4.23.1
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4.23.1 A Defined benefit obligationsThe amounts recognised in the statement of financial position are as follows:
Particulars As at 15 July 2021 As at 15 July 2020Present value of unfunded obligations - - Present value of funded obligations - - Total present value of obligations - - Fair value of plan assets - - Present value of net obligations - -
4.23.2 A Plan Assets
Particulars As at 15 July 2021 As at 15 July 2020Equity Shares - - Government Bonds - - Bank Deposit - - Other - - Total - -
4.23.3 A Movement in Present Value of defined benefits Obligation Amount in NPR
As at 15 July 2021 As at 15 July 2020Fair Value of Obligation at beginning of the yearActurial (gain)/lossBenefits paid by the planCurrent Service Cost and InterestDefined benefits obligation at year end - -
4.23.4 A Movement in Present Value of Plan Assets
Particulars As at 15 July 2021 As at 15 July 2020Defined benefit obligations at Shrawan 1 - - Actuarial lossesBenefits paid by the plan - - Current Service Cost and Interest - - Defined benefit obligations at Ashad end - -
Bank has implemented Defined Contribution Plan from 2075.10.01 Previously bank used tofollow Defined Benefits Plan. Plan assets has been deposited on NCC Retirement Fund.
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
Amount in NPR
Amount in NPR
Amount in NPR
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.23.5 A Expenses Recognized in Income Statement
Particulars As at 15 July 2021 As at 15 July 2020Current service cost - Past service costs-(non Vested) - - Past service costs (Vested) - - Interest cost - - Expected Return on Plan Assets - Expenses Recognized in Income Statement - -
4.23.6 A Expenses Recognized in other comprehensive income
Particulars As at 15 July 2021 As at 15 July 2020Acturial (gain)/loss - - Expenses Recognized in Income Statement - -
4.23.7 A Actuarial AssumptionsParticulars As at 15 July 2021 As at 15 July 2020
Discount rateExpected return on plan assetFuture salary increaseExpected return on Plan Assets
4.23.1 B Provision for LeaveThe amount recognised in Statement of Financial Position:
Particulars As at 15 July 2021 As at 15 July 2020Present value of unfunded defined benefit obligation 72,815,539 56,360,325 Present value of funded defined benefit obligation - - Total Present value of obligations 72,815,539 56,360,325 Fair value of plan assets - - Present Value of Net Obligation 72,815,539 56,360,325 Recognised Liability for defined benefit obligations 72,815,539 56,360,325
4.23.2 B Plan AssetsPlan assets comprise
Particulars As at 15 July 2021 As at 15 July 2020Equity Shares - - Government Bonds - - Bank Deposit - - Other - - Total - -
Amount in NPR
Amount in NPR
Amount in NPR
Amount in NPR
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.23.3 B Movement in the present value of defined benefit obligations
Particulars As at 15 July 2021 As at 15 July 2020Defined benefit obligations at Shrawan 1 56,360,325 54,544,886 Actuarial losses 7,539,377 (13,573,532)Benefits paid by the plan (12,388,439) (4,893,205)Current Service Cost and Interest 21,304,276 20,282,176 Defined benefit obligations at Ashad end 72,815,539 56,360,325
4.23.4 B Movement in the fair value of plan assets
Particulars As at 15 July 2021 As at 15 July 2020Fair value of plan assets at Shrawan 1 - - Contributions paid into the plan - - Benefits paid during the year - - Interest Income - - Expected return on plan assets - - Fair value of plan assets at Ashad end - -
4.23.5 B Expenses Recognized in Income Statement
Particulars As at 15 July 2021 As at 15 July 2020Current service cost 16,789,327 16,635,296 Past service costs-(non Vested) - - Past service costs (Vested) - - Acturial (gain)/loss 7,539,377 (13,573,532)Interest cost 4,514,949 3,646,880 Expected Return on Plan Assets - - Expenses Recognized in Income Statement 28,843,653 6,708,644
4.23.6 B Expenses Recognized in other comprehensive income
Particulars As at 15 July 2021 As at 15 July 2020Acturial (gain)/loss - - Expenses Recognized in Income Statement - -
4.23.7 B Actuarial Assumptions
Particulars As at 15 July 2021 As at 15 July 2020Discount rate 7% 8%Expected return on plan assetFuture salary increase 8% 8%Withdrawal rate 5% 5%
Amount in NPR
Amount in NPR
Amount in NPR
Amount in NPR
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.24 Debt secutities issued
Particulars As at 15 July 2021 As at 15 July 2020Debt securities issued designated as at fair value through profit or loss - - Debt securities issued at amortised cost - - Total - -
The Bank does not have any kind of Debt secutities as on the reporting date.
4.25 Subordinate Liabilities
Particulars As at 15 July 2021 As at 15 July 2020Redeemable preference shares - - Irredemable cumulative preference shares (liabilities component) - - Other - - Total - -
The Bank does not have any kind of subordinated liabilities as on the reporting date.
Amount in NPR
Amount in NPR
4.26 Share Capital Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Ordinary Shares 2,736,972,420 2,606,640,400 Convertible Preference Shares - - Irredemable Preference Shares (equity component only)
- -
Perpetual debt (equity component only) - - Total 2,736,972,420 2,606,640,400
4.26.1 Ordinary Shares Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Authorised capital30,000,000 Ordinary Shares of Rs 100 each 3,000,000,000 3,000,000,000 Issued capital27,369,724.2 Ordinary Shares of Rs 100 each 2,736,972,420 2,606,640,400 Paid up capital27,369,724.2 Ordinary Shares of Rs 100 each 2,736,972,420 2,606,640,400
Total 2,736,972,420 2,606,640,400
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.26.2 Ordinary Share Ownership
% Amount % Amount Domestic Ownership 100% 2,736,972,420 100% 2,606,640,400 Nepal Government"A" Class licensed institutionsOther licensed institutionsGeneral Public 49% 1,341,117,960 49% 1,277,255,200 Promoter 51% 1,395,854,460 51% 1,329,385,201 OthersForeign OwnershipTotal 100% 2,736,972,420 100% 2,606,640,400
As at 15 July 2021Particulars As at 15 July 2020
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4.27 Reserves Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Statutory General reserve 505,123,252 423,107,161 Exchange equalization reserve 260,405 260,405 Corporate social responsibility reserve 4,158,968 5,658,404 Capital redemption reserve - - Regulatory reserve 150,705,749 115,759,031 Investment adjustment reserve - 5,000,000 Capital reserve - - Assets revaluation reserve - - Fair value reserve (668,166) (5,275,279)Dividend equalization reserve - - Actuarial gain - - Special reserve - - Staff Training Reserve - 1,392,949 Total 659,580,208 545,902,672
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
General Reserve
Movement in General Reserve are as
Opening Balance of General Reserve20% of Net Profit AllocatedClosing Balance of General Reserve
Exchange Equalization Reserve
Regulatory Reserve
As per Directive No: 4/77, bank is required to maintain a minimum 20% of the net profit to the generalreserve until the reserve is twice the paid up share capital and thereafter a minimum 10% of Profit of eachyear. This reserve is not available for distribution to shareholder in any form and requires specificapproval of the central bank for any transfer from this heading.
As per Directive No: 4/77, bank is required to appropriate 25% of current year’s total revaluation gain(except gain from revaluation of Indian Currency) into this heading.
As per Directive No: 4/77, bank is required to maintained statutory reserve in the transition to NFRS fromprevious GAAP. The bank is required to reclassify all amounts that are resultant of re-measurementadjustment and that are recognized in retained earning into this reserve heading.
The amount reclassified to this reserve includes re-measurement adjustments such as interest incomerecognized against interest receivables, amount of deferred tax assets, Fair value reserve for investment,and amount of goodwill recognized under NFRS etc. The bank has compiled with this regulatoryrequirement.
423,107,161
423,107,161 82,016,091
As at 15 July 2020Particulars
505,123,252
Amount in NPR
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
384,887,598 38,219,563
As at 15 July 2021
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
Particulars Interest Receivable Deferred Tax NBA Fair Value
Adj Actuary Reserve Total
Balance at Shrawan 01, 2074 - - Adjustment/Restatement 31,047,329 4,513,852 - 4,011,864 39,573,045
Transfer from RE to Regulatory Reserve against NBA - - Transfer from RE to Regulatory Reserve against Deferred Tax 112,498 112,498 Transfer from RE to Regulatory Reserve against Actuary Reserve - - - Transfer from RE to Regulatory Reserve against FV Reserve 21,434,832 21,434,832 Transfer from RE to Regulatory Reserve against Interest Receivable 14,382,628 14,382,628
Balance at Ashad 32, 2075 45,429,957 4,626,350 - 25,446,696 - 75,503,003 Transfer from RE to Regulatory Reserve against NBA - Transfer from RE to Regulatory Reserve against Deferred Tax 27,090,144 27,090,144 Transfer from RE to Regulatory Reserve against Actuary Reserve - - Transfer from RE to Regulatory Reserve against FV Reserve 1,893,300 1,893,300 Transfer from RE to Regulatory Reserve against Interest Receivable 12,574,709 12,574,709
Balance at Ashad 31, 2076 58,004,665 31,716,494 - 27,339,996 - 117,061,155 Transfer from RE to Regulatory Reserve against NBA - Transfer from RE to Regulatory Reserve against Deferred Tax (3,283,762) (3,283,762) Transfer from RE to Regulatory Reserve against Actuary Reserve - Transfer from RE to Regulatory Reserve against FV Reserve (22,064,718) (22,064,718) Transfer from RE to Regulatory Reserve against Interest Receivable 24,046,357 24,046,357
Balance at Ashad 31, 2077 82,051,022 28,432,731 - 5,275,278 - 115,759,031 Transfer from RE to Regulatory Reserve against NBA - - - - - - Transfer from RE to Regulatory Reserve against Deferred Tax - 4,907,805 - - - 4,907,805 Transfer from RE to Regulatory Reserve against Actuary Reserve - - - - - - Transfer from RE to Regulatory Reserve against FV Reserve - - - (4,607,112) - (4,607,112) Transfer from RE to Regulatory Reserve against Interest Receivable 34,646,025 - - - - 34,646,025
Balance at Ashad 31, 2078 116,697,047 33,340,536 - 668,166 - 150,705,749
Movement in Regulatory Reserve are as follows:
Amount in NPR
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
Fair value Reserve
Other reserve
a. Corporate Social Responsibility Fund
ParticularsOpening Balance of CSR Reserve 5,231,690 1% of Net Profit allocated 1,910,978 Utilisation from CSR Fund (1,484,264)Closing Balance of CSR Reserve 5,658,404
b. Staff Training Fund
c. Investment Adjustment Reserve
Amount in NPR
This is a non-statutory reserve and is a requirement in the application of accounting policy for financial assets.Assets that are not classified as Fair Value through Profit or Loss, Held to maturity and Loans and Receivablesare categorized as Available for Sale financial instruments. The accounting of gain or loss in the fair valuemovement of Financial Assets is done through other comprehensive income under NAS 39.
Any reserve created with specific or non-specific purpose (except stated in above) are presented under this by
disclosing accounting heads.
The fund created for the purpose of corporate social responsibility by allocating 1% of Net profit as per NRBDirective is presented under this account head and is utilized towards corporate social responsibility expenditurein subsequent year.
This is a statutory reserve specified in NRB Directive 6/77 and is created on the basis of 3% of Personnelexpenses of preceding year. Then after the provisioned amount is forwarded for staff training and development.However, owing to the pandemic, NRB has provided relaxation to the provision for the fiscal year.
Investment Adjustment Reserve pertains to maintain as per the regulatory requirement of the Directive No. 8 ofNepal Rastra Bank’s Unified Directives. Bank has to create the investment reserve of an amount equivalent tothe investment in the equity shares if the shares remain unquoted within three years from the date of investment.Such amount should not be utilized elsewhere unless such shares get listed.
As at 15 July 2020As at 15 July 20215,658,404 4,100,805
(5,600,241) 4,158,968
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
Name of investment Date of investment
Cost Price (NPR)
Nepal Clearing House Limited 1/20/2015 925,000 Nepal Electronic Payment System 6/28/2018 1,000,000 Smart Choice Technologies Ltd. 11/25/2020 26,666,700 NIC Asia Select 30 Mutual Fund 6/27/2021 5,000,000 Total 33,591,700
Bank has not created investment adjustment reserve for the investment made in Nepal Clearing House andNepal Electronic Payment System as it is not required. If investment is made of 51% or more in companywhich is not to be listed as per the customary law and investment made in CIB Nepal, Nepal Clearing HousingLtd. and Nepal Infrastructure Bank Ltd.then for such investment, investment adjustment reserve is not required tobe maintained.Also for the investment in the company established for the modernization of payment system in Nepal throughPayment Switch amplified by the joint investment of minimum of 15 BFIs, such reserve is not required.Moreover, Bank has investment in Smart Choice Technologies Ltd and NIC Asia Select 30 Mutual Fund inwhich the bank's investment period has not exceeded three years as on reporting date. So, such reservehas not been created against such investment.
Details of investment in unquoted stocks as on reporting date are given below:
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4.28 Contingent liabilities and commitments Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Contingent liabilities 94,088,051 110,029,716 Undrawn and undisbursed facilities 1,935,862,054 1,436,947,072 Capital commitment - - Lease Commitment - - Litigation - 648,517 Total 2,029,950,105 1,547,625,305
4.28.1 Contingent liabilities Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Acceptance and documentary credit - - Bills for collection - - Forward exchange contracts - - Guarantees 94,088,051 110,029,716 Underwriting commitment - - Other commitments - - Total 94,088,051 110,029,716
4.28.2 Undrawn and undisbursed facilities Amount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Undisbursed amount of loans 570,173,511 554,495,859 Undrawn limits of overdrafts 1,340,325,044 882,451,213 Undrawn limits of credit cards - - Undrawn limits of letter of credit - - Undrawn limits of guarantee 25,363,500 - Total 1,935,862,054 1,436,947,072
4.28.3 Capital commitments
Amount in NPR Particulars As at 15 July 2021 As at 15 July 2020
Capital commitments in relation to Property and EquipmentApproved and contracted for - - Approved but not contracted for - - Sub total - - Capital commitments in relation to Intangible assetsApproved and contracted for - - Approved but not contracted for - - Sub total - - Total - -
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
Capital expenditure approved by relevant authority of the bank but provision has not been made in financial statements
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.28.4 Lease commitments
Particulars As at 15 July 2021 As at 15 July 2020Operating lease commitmentsFuture minimum lease payments under non cancellable operating lease, where the bank is lessee
Not later than 1 year - - Later than 1 year but not later than 5 years - - Later than 5 years - -
Sub total - - Finance lease commitmentsFuture minimum lease payments under non cancellable operating lease, where the bank is lessee
Not later than 1 year - - Later than 1 year but not later than 5 years - - Later than 5 years - -
Sub total - - Grand total - -
4.28.5 LitigationAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Contingent Tax Liabilities-Income Tax - 648,517
All the operating lease entered by bank are cancellable by giving a notice period and the bank do nothave any finance lease commitments as on reporting date.
4.29 Interest incomeAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Cash and cash equivalent 30,089,017 184,819,220 Due from Nepal Rastra Bank - - Placement with bank and financial institutions - - Loan and advances to bank and financial institutions 223,116,549 97,728,328 Loans and advances to customers 3,102,031,893 2,764,632,545 Investment securities 129,540,042 68,637,277 Loan and advances to staff 29,024,877 19,070,388 Other 1,403,945 163,712
Total interest income 3,515,206,323 3,135,051,468
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
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4.30 Interest expenseAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Due to bank and financial institutions 49,014,575 213,602,174 Due to Nepal Rastra BankDeposits from customers 2,249,803,390 1,866,418,079 Borrowing 5,352,952 1,085,616 Debt securities issued - - Subordinated liabilities - - Other 4,514,949 3,646,880
Total interest expense 2,308,685,866 2,084,752,749
4.31 Fees and Commission IncomeAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Loan administration fees - - Service fees 207,013,088 145,756,907 Consortium fees - - Commitment fees - - DD/TT/Swift fees - - Credit card/ATM issuance and renewal fees 1,737,841 1,688,050 Renewal Fees - - Prepayment and swap fees - - Investment banking fees - - Asset management fees - - Brokerage fees - - Remittance fees 6,090,466 7,589,854 Commission on letter of credit - - Commission on guarantee contracts issued 2,111,986 935,684 Commission on share underwriting/issue - - Locker rental 1,200,250 972,125 Other fees and commission income 12,223,249 9,843,391
Total fees and Commission Income 230,376,880 166,786,011
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.32 Fees and commission expenseAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020ATM management fees 6,905,955 3,562,695 VISA/Master card fees - - Guarantee commission - - Brokerage - - DD/TT/Swift fees - - Remittance fees and commission - - Other fees and commission expense - - Total fees and Commission Expense 6,905,955 3,562,695
4.33 Net trading income
Particulars As at 15 July 2021 As at 15 July 2020Changes in fair value of trading assets - - Gain/loss on disposal of trading assets - - Interest income on trading assets - - Dividend income on trading assets - - Gain/loss foreign exchange transation - - Other - - Net trading income - -
4.34 Other operating income
Particulars As at 15 July 2021 As at 15 July 2020Foreign exchange revauation gain (77,395) 1,041,619 Gain/loss on sale of investment securities 239,698,678 - Fair value gain/loss on investment properties - - Dividend on equity instruments 9,876,252 3,848,966 Gain/loss on sale of property and equipment (83,089) 2,640,149 Gain/loss on sale of investment property - - Operating lease income - - Gain/loss on sale of gold and silver - - Other - - Total 249,414,446 7,530,734
Payouts on account of fee and commission for services obtained by the bank are presented under thisaccount head.
Trading income comprises gains less losses relating to trading assets and liabilities, and includes allrealized interests, dividends and foreign exchange differences as well as unrealized changes in fairvalue of trading assets and liabilities. Bank does not have any income under this heading.
Amount in NPR
Amount in NPR
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4.35 Impairment charge/(reversal) for loan and other losses
Particulars As at 15 July 2021
As at 15 July 2020
Impairment charge/(reversal) on loan and advances to B/FIs - - Impairment charge/(reversal) on loan and advances to customer
232,465,157 256,700,161
Impairment charge/(reversal) on financial Investment - - Impairment charge/(reversal) on placement with banks and financial institutions
- -
Impairment charge/(reversal) on property and equipment
- -
Impairment charge/(reversal) on goodwill and intangible assets
- -
Impairment charge/(reversal) on investment properties
- -
Impairment charge/(reversal) on Others Assets 3,602,658 2,780,966 Total 236,067,814 259,481,127
Amount in NPR
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.36 Personnel ExpenseAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Salary 160,847,684 150,243,058 Allowances 174,251,256 136,410,095 Gratuity expense 14,453,431 12,541,447 Provident fund 17,291,804 15,024,230 Uniform 324,666 766,686 Training & development expense 2,878,217 5,499,036 Leave encashment 30,413,167 6,268,420 Medical - - Insurance 2,890,335 3,154,332 Voluntary Retirement Expenses 16,700,369 - Cash-settled share-based payments - - Pension expense - - Finance expense under NFRS 1,815,104 3,924,681 Other expenses related to staff 2,968,137 3,145,078 Subtotal 424,834,170 336,977,063 Employees bonus 65,400,208 29,812,182 Grand total 490,234,378 366,789,245
Provision for staff bonus is a mandatory requirement under the Bonus Act, 2030. All expenses related toemployees of a bank has been included under this head. Expenses covered under this head include employees'salary, allowances, pension, gratuity, contribution to provident fund, training expenses, uniform expenses,insurance, staff bonus, finance expense under NFRS, cash-settled share-based payments etc. Bank has providedNPR 16,700,369 under voluntary retirement service during this fiscal year.
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.37 Other operating expenseAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Directors' fee 954,000 481,000 Directors' expense 411,035 441,506 External Audit Fee 791,000 745,800 Internal Audit Fee 720,000 1,412,500 Other audit related expense - - Professional and legal expense 792,992 770,095 Office administration expense (4.37 A) 98,915,860 78,575,495 Operating lease expense (4.37 B) 161,359,198 156,559,085 Operating expense of investment properties - - Corporate social responsibility expense 5,600,241 1,484,264 Onerous lease provisions - - Other 13,217,535 9,250,831
Repair and Maintainance Building 1,356,885 204,147 Repair & Maintenance Vehicle 1,809,578 1,528,706 Repair & Maintenance Others 5,434,750 4,526,500 Furniture and office Equipement Expenses 3,683,668 2,659,022
Share issue Expenses 932,653 332,457 Total 282,761,861 249,720,577
4.37 A Office administration expenseAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Insurance 14,609,376 13,140,432 Postage, Telex, Telephone & Fax 3,386,435 3,001,790 Printing, Stationery & Small Purchases 15,044,284 10,983,667 Newspaper, Books and Journals 160,563 237,020 Advertisement 12,936,427 10,168,542 Travel Allowance & Expenses 3,327,053 3,219,051 Fuel & Gas 4,889,650 3,854,499 Entertainment - - AGM Expenses 1,038,110 810,395 Annual Fee 1,098,299 1,048,211 Office Expenses 38,620,376 28,782,940 Other Meeting Expenses 188,500 117,500 Miscelleneous Expenses 3,616,790 3,211,449 Total 98,915,860 78,575,495
All operating expenses other than those relating to personnel expense are recognized and presentedunder this account head. The expenses covered under this account head includes officeadministration expense, other operating and overhead expense, directors' remuneration and nonaudit fee paid to auditors, professional and legal expense, branch closure cost expense, redundancycost expense, expense of restructuring, impairment of non financial assets, expense of corporatesocial responsibility, onerous lease provisions etc
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.37 B Operating Lease ExpensesAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020House Rent Expenses 86,134,344 79,966,482 Electricity Expenses 13,504,446 11,830,886 Security Expenses 61,720,408 64,761,718 Total 161,359,198 156,559,085
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Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
4.38 Depreciation & AmortisationAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Depreciation on property and equipment 79,228,279 75,399,201 Depreciation on investment property - - Amortisation of intangible assets 1,701,123 1,937,980 Total 80,929,402 77,337,181
4.39 Non Operating IncomeAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Recovery of loan written off - - Other income 129,070 1,882,713 Total 129,070 1,882,713
4.40 Non Operating ExpenseAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Loan written off 898,120 1,291,759 Redundancy provision - - Expense of restructuring - - Other expense 41,454 5,960 Total 939,574 1,297,719
4.41 Income Tax ExpensesAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Current Tax Expenses 185,403,693 79,636,045 Current Year 185,403,693 79,636,045 Adjustment for Prior Years - Deferred tax Expenses (6,882,281) (2,424,225)Origination and Reversal of Temporary Differences (6,882,281) (2,424,225)Change in tax RateRecognition of Previously unrecognized Tax Losses - - Total Income tax expense 178,521,413 77,211,820
4.41.1 Reconciliation of Tax Expense and Accounting ProfitAmount in NPR
Particulars As at 15 July 2021 As at 15 July 2020Profit before tax 588,601,870 268,309,634 Tax amount at tax rate of 30 % 176,580,561 80,492,890 Add: Tax effect of expenses that are not deductible for tax purpose 2,093,762 3,104,556 Less: Tax effect on exempt income (152,912) (1,946,734)Add/less: Tax effect on other items 2 (4,438,891)Total income tax expense 178,521,413 77,211,820 Effective tax rate 30.33% 28.78%
The amount of income tax on net taxable profit is recognized and presented under this account head. This account headincludes current tax expense and deferred tax expense/deferred tax income.
The expenses that have no direct relationship with the operation of transactions is presented under this head. During F.Y.2077/78, bank has written-off loan of Dakshinkali Sun Chandi Pasal amounting NPR 898,120.
The income that have no direct relationship with the operation of transactions is presented under this head.
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5.1. Risk Management
Risk Management structure of the Bank has set clear separation between business function and risk management function. Accordingly, the Bank has set up a separate Risk Management & Compliance Department. The department oversees the risk that arise out of daily business operation as well as on periodic basis and are put to the oversight of Top Management, Risk Management Committee and the Board to discuss the reports thereon and issue instructions as appropriate.
Risk Management Committee
Board of Directors is the apex and supreme authority of the Bank and is responsible to frame and implement robust policies and framework for effective compliance of regulation and direction issued by the regulatory authority. BOD ensures the strategies, policies and procedure is in accordance with the risk appetite/tolerance limit for effective management of risk within the Bank. The board understands the nature of risk of the bank, and periodically reviews reports on risk management, including policies and standards, stress testing, liquidity and capital adequacy through the reporting by the Risk Management Committee.
Risk Governance
Bank has prepared and implemented policies and procedures to mitigate the risk at enterprises level arising to the bank and has inculcated risk culture among the employees by establishing ownership mentality, capacity building programs, well defined job responsibilities and inhabiting good ethical culture.
Through its Risk Management Framework, the Bank seeks to efficiently manage credit, market and liquidity risks which arise directly through the Bank’s commercial activities as well as operational, regulatory and reputational risks which arise as a normal consequence of any business undertaking.
The Risk Management Committee is responsible for the establishment of, and compliance with, policies relating to management risk, supply risk, production risk, demand risk and collection risk.
The bank’s risk governance structure is such that the responsibility for maintaining risk within the bank's risk blanket is cascaded down from the Board to the appropriate functional, client business, senior management and committees. Information regarding material risk issues and compliance with policies and standards is communicated through the business, functional, senior management and committees.
Internal Control
The Board is responsible for ensuring the Bank has appropriate internal control framework in place that supports the achievement of the strategies and objectives. The various functions of the Bank should be looked upon with a view to establish a proper control mechanism is in place during expansion and growth which enables it to maximize profitable business opportunities, avoid or reduce risks which can cause loss or reputational damage, ensure compliance with applicable laws and regulations and enhance resilience to external events.
The Board has set policies and procedures of risk identification, risk evaluation, risk mitigation and control/ monitoring, in line with the NRB directives has effectively implemented the same at the Bank.
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
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Credit Risk Credit risk is the probability of loss of principle and reward associated with it due to failure of counterparty to meet its contractual obligations to pay the Bank in accordance with agreed terms. The Credit Risk Monitoring and Reporting Framework/ have been prepared in order to mitigate/ minimize the credit risk of the Bank through appropriate monitoring and reporting framework established within the Bank. Bank has implemented various System/ Policies/ Procedures/ Guidelines for the effective management of Credit Risk. For the purpose of assessment of credit risk of the bank, following activities were carried out:
Current system/policies/procedures/guidelines formulated were gone through; Actual Exposure of credit limit product wise, segment wise were checked against Risk
Appetite, tolerance limit mentioned in Respective Product Paper Guidelines, Credit Policy and Credit Risk Management Policy;
Review of various reports prepared by the Departments such as Account Monitoring Report, Loan Overdue Report, Loan Report, NRB reports and Margin Monitoring Reports.
Market Risk Market risk refers to the risk to a bank resulting from movements in market prices, in particular, changes in interest rates, foreign exchange rates, and equity and commodity prices. Market risk is defined as the risk of losses in on and off-balance sheet positions arising from movements in market prices.
Foreign Exchange Risk: Foreign exchange risk is the potential for the Bank to experience volatility in the value of its assets, liabilities and solvency and to suffer actual financial losses as a result of changes in value between the currencies of its assets and liabilities and its reporting currency.
Interest Rate Risk: Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates.
Liquidity Risk: Liquidity risk is the risk that bank may be unable to meet short term financial demands. This usually occurs due to the inability to convert a security or hard asset to cash without a loss of capital and/or income in the process. Liquidity risk arises because of the possibility that the Bank might be unable to meet its payment obligations when they fall due, as a result of mismatches in the timing of the cash flows under both normal and stress circumstances. Such scenarios could occur when funding needed for liquid asset positions is not available to the Bank on acceptable terms.
5.2. Capital Management
The Bank manages its capital to meet regulatory norms and current and future business needs considering the risks in its business. For the purpose of effective management of the capital the bank has formulated and implemented the Internal Capital Adequacy Assessment Procedure (ICAAP) which encompasses policies, processes and methodologies to determine the adequate level of capitalisation for the Bank to meet regulatory norms and current and future business needs under normal as well and under stress scenarios. The Board of Directors on the frequent interval monitor the capital adequacy position and the risk weighted assets and take a necessary steps as appropriate.
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(Rs. in '000)
1. 1 RISK WEIGHTED EXPOSURES As at 15 July 2021 As at 15 July 2020
a Risk Weighted Exposure for Credit Risk 30,920,507.23 21,856,760.35 b Risk Weighted Exposure for Operational Risk 1,677,092.19 1,466,449.13 c Risk Weighted Exposure for Market Risk 5,772.28 4,652.22
32,603,371.70 23,327,861.70
ALM policies & practices are not satisfactory, add 1% of net interest income to RWE -
Add .....% of the total deposit due to insufficient Liquid Assets -
Add RWE equvalent to reciprocal of capital charge of 2 % of gross income. 244,923.09 581,042.29
Overall risk management policies and precedures are not satisfactory. Add 2% of RWE 652,067.43 933,114.47
If desired level of disclosure requirement has not been achieved, Add .....% of RWE - 699,835.85
33,500,362.22 25,541,854.30
As at 15 July 2021As at 15 July
20203,524,673.88 3,154,808.08
a Paid up Equity Share Capital 2,736,972.42 2,606,640.40 b Irredeemable Non-cumulative preference shares c Share Premium d Proposed Bonus Equity Shares e Statutory General Reserves 505,123.25 423,107.16 f Retained Earnings 315,918.74 153,493.26 g Un-audited current year cumulative profit/(loss) h Capital Redemption Reserve i Capital Adjustment Reserve j Dividend Equalization Reserves
Shangri-la Development Bank Limited
Capital Adequacy TableAs on 31st Ashad 2078 (15 July 2021)
(A) Core Capital (Tier 1)
Total Risk Weighted Exposures (Before adjustments of Pillar II)Adjustments under Pillar II
Total Risk Weighted Exposures (After Bank's adjustments of Pillar II)
1.2 CAPITAL
Notes forming part of the financial statements(Continued…)
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k Other Free Reserve l Less: Goodwill m Less: Deferred Tax Assets 33,340.54 28,432.73 n Less: Fictitious Assets
o Less: Investment in equity in licensed Financial Institutions
p Less: Investment in equity of institutions with financial interests
q Less: Investment in equity of institutions in excess of limits
r Less: Investments arising out of underwriting commitments
s Less: Reciprocal crossholdings
t Less: Purchase of land & building in excess of limit and unutilized
u Less: Other Deductions
6.4a(1) Less: Shortfall in Provision6.4a(2)
Less: Loans & Facilities extended to related parties and restricted lending
(B) Supplementary Capital (Tier 2) 419,014.93 324,533.58 a Cumulative and/or Redeemable Preference Share b Subordinated Term Debt c Hybrid Capital Instruments d General loan loss provision 418,754.53 319,273.18
e Exchange Equalization Reserve 260.40 260.40 f Investment Adjustment Reserve - 5,000.00 g Asset Revaluation Reserve h Other Reserves
3,943,688.81 3,479,341.67
As at 15 July 2021 As at 15 July 2020
10.52% 12.35%
11.77% 13.62% Tier 1 and Tier 2 Capital to Total Risk Weighted Exposures (After Bank's adjustments of Pillar II)
Total Capital Fund (Tier I and Tier II)
1.3 CAPITAL ADEQUACY RATIOS
Tier 1 Capital to Total Risk Weighted Exposures (After Bank's adjustments of Pillar II)
Adjustments under Pillar II
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(Rs.
in '0
00)
Book
Val
ue
S
pecif
icPr
ovisi
on
Elig
ible
CRM
Ne
t Val
ue
Risk
W
eight
R
isk W
eight
edEx
posu
res
ab
cd=
a-b-
ce
f=d*
e C
ash
Bala
nce
710
,651
.45
710
,651
.45
0%
-
B
alan
ce W
ith N
epal
Ras
tra B
ank
1,4
71,1
70.3
9
1,4
71,1
70.3
9 0
%
-
Gol
d
144.
91
14
4.91
0
%
-
Inve
stmen
t in
Nep
ales
e Gov
ernm
ent S
ecur
ities
5
,129
,633
.86
5
,129
,633
.86
0%
-
A
ll Cl
aim
s on
Gov
ernm
ent o
f Nep
al
3,3
37.5
1
3,
337.
51
0%
-
In
vestm
ent i
n N
epal
Ras
tra B
ank
secu
ritie
s
-
0%
-
A
ll cl
aim
s on
Nep
al R
astra
Ban
k
18,
641.
86
1
8,64
1.86
0
%
-
Cla
ims o
n Fo
reig
n G
over
nmen
t and
Cen
tral B
ank
(ECA
0-1
)
-
0
%
-
Cla
ims o
n Fo
reig
n G
over
nmen
t and
Cen
tral B
ank
(ECA
-2)
-
-
2
0%
-
Cla
ims o
n Fo
reig
n G
over
nmen
t and
Cen
tral B
ank
(ECA
-3)
-
-
5
0%
-
Cla
ims o
n Fo
reig
n G
over
nmen
t and
Cen
tral B
ank
(ECA
-4-6
)
-
-
100
%
-
Cla
ims o
n Fo
reig
n G
over
nmen
t and
Cen
tral B
ank
(ECA
-7)
-
-
1
50%
-
C
laim
s On
BIS,
IMF,
ECB
, EC
and
MD
B's r
ecog
nize
d by
the f
ram
ewor
k
-
0%
-
C
laim
s on
Oth
er M
ultil
ater
al D
evel
opm
ent B
anks
-
-
1
00%
-
C
laim
s on
Dom
estic
Pub
lic S
ecto
r Ent
ities
100
%
Cla
ims o
n Pu
blic
Sec
tor E
ntity
(ECA
0-1
)
-
-
20%
-
C
laim
s on
Publ
ic S
ecto
r Ent
ity (E
CA 2
)
-
-
50%
-
C
laim
s on
Publ
ic S
ecto
r Ent
ity (E
CA 3
-6)
-
-
1
00%
-
C
laim
s on
Publ
ic S
ecto
r Ent
ity (E
CA 7
)
-
-
150
%
-
Cla
ims o
n do
mes
tic b
anks
that
mee
t cap
ital a
dequ
acy
requ
irem
ents
6
,311
,617
.60
-
6
,311
,617
.60
20%
1,2
62,3
23.5
2 C
laim
s on
dom
estic
ban
ks th
at d
o no
t mee
t cap
ital a
dequ
acy
requ
irem
ents
-
-
1
00%
-
C
laim
s on
fore
ign
bank
(ECA
Rat
ing
0-1)
-
-
20%
-
C
laim
s on
fore
ign
bank
(ECA
Rat
ing
2)
-
-
5
0%
-
Cla
ims o
n fo
reig
n ba
nk (E
CA R
atin
g 3-
6)
-
-
1
00%
-
C
laim
s on
fore
ign
bank
(ECA
Rat
ing
7)
-
-
1
50%
-
C
laim
s on
fore
ign
bank
inco
rpor
ated
in S
AA
RC re
gion
ope
ratin
g w
ith a
buffe
r of 1
% ab
ove t
heir
resp
ectiv
e reg
ulat
ory
capi
tal r
equi
rem
ent
4,7
60.5
1
-
4,
760.
51
20%
952
.10
A. B
alan
ce S
heet
Exp
osur
es
Shan
gri-l
a De
velo
pmen
t Ban
k Li
mite
d
Risk
Weig
hted
Exp
osur
e for
Cre
dit R
iskAs
on
31st
Asha
d 20
78 (1
5 Ju
ly 2
021)
Note
s for
min
g pa
rt o
f the
fina
ncia
l sta
tem
ents(
Cont
inue
d…)
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ligib
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M
Net V
alue
Risk
Weig
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Risk
Weig
hted
Expo
sure
s
ab
cd=
a-b-
ce
f=d*
e C
laim
s on D
omes
tic C
orpo
rates
(Cr
edit
ratin
g sco
re eq
uiva
lent t
o AAA
)
-
80
%
-
Clai
ms o
n Dom
estic
Cor
porat
es (
Cred
it rat
ing s
core
equi
valen
t to A
A+ to
AA-
)
-
85
%
-
Clai
ms o
n Dom
estic
Cor
porat
es (
Cred
it rat
ing s
core
equi
valen
t to A
+ to
A-)
-
90%
-
C
laim
s on D
omes
tic C
orpo
rates
(Cr
edit
ratin
g sco
re eq
uiva
lent t
o BBB
+ &
belo
w)
-
10
0%
-
Clai
ms o
n Dom
estic
Cor
porat
es (
Unrat
ed)
6
,529,4
96.04
3
7,500
.00
6,49
1,996
.04
100%
6,49
1,996
.04
Clai
ms o
n For
eign C
orpo
rates
(ECA
0-1)
-
-
-
20
%
-
C
laim
s on F
oreig
n Cor
porat
es (E
CA 2)
-
-
-
50
%
-
C
laim
s on F
oreig
n Cor
porat
es (E
CA 3-
6)
-
-
-
100%
-
Clai
ms o
n For
eign C
orpo
rates
(ECA
7)
-
-
-
150%
-
Reg
ulato
ry R
etail
Portf
olio
(Not
Ove
rdue
)
16,66
8,147
.85
335,3
99.39
16
,332,7
48.47
75
%
12,2
49,56
1.35
Clai
ms f
ulfil
ling a
ll cri
terio
n of r
egul
arity
retai
l exc
ept g
ranul
arity
-
-
-
100%
-
Clai
ms s
ecur
ed by
resid
entia
l pro
perti
es
5,14
1,373
.89
-
5,14
1,373
.89
60%
3,08
4,824
.33
Clai
ms n
ot fu
lly se
cured
by re
siden
tial p
rope
rties
-
-
-
150%
-
Clai
ms s
ecur
ed by
resid
entia
l pro
perti
es (O
verd
ue)
69
,957.8
7
5,810
.37
-
64,1
47.51
10
0%
64,1
47.51
C
laim
s sec
ured
by C
omm
ercial
real
estat
e
2
22,95
0.78
-
22
2,950
.78
100%
22
2,950
.78
Pas
t due
claim
s (ex
cept
for c
laim
s sec
ured
by re
siden
tial p
rope
rties
)
1,08
3,258
.17
233,0
75.08
-
85
0,183
.09
150%
1,27
5,274
.63
Hig
h Risk
claim
s
2,10
1,964
.69
69,7
30.00
2
,032,2
34.69
15
0%
3,
048,3
52.04
Le
ndin
g Aga
inst
Secu
rities
(Bon
ds &
Sha
res)
1
,288,6
94.30
1
,288,6
94.30
10
0%
1,
288,6
94.30
In
vestm
ents
in eq
uity
and o
ther
capi
tal in
strum
ents
of in
stitut
ions
liste
d in s
tock
ex
chan
ge
5
33,24
9.21
9
54.52
-
53
2,294
.69
100%
53
2,294
.69
Inve
stmen
ts in
equi
ty an
d oth
er ca
pital
instr
umen
ts of
insti
tutio
ns no
t list
ed in
the
stock
exch
ange
33
,591.7
0
-
33,5
91.70
15
0%
50,3
87.55
Staf
f loa
n sec
ured
by re
siden
tial p
rope
rty
3
55,57
9.01
35
5,579
.01
50%
177,7
89.50
In
teres
t Rec
eivab
le/cla
im on
gove
rnm
ent s
ecur
ities
50
,753.5
3
50,7
53.53
0%
-
C
ash i
n tran
sit an
d oth
er ca
sh it
ems i
n the
proc
ess o
f col
lectio
n
-
-
-
20%
-
O
ther
Asse
ts (as
per a
ttach
men
t)
8
76,32
1.55
185,2
33.41
-
69
1,088
.15
100%
69
1,088
.15
TOTA
L (A
)48
,605,2
96.70
425,0
73.38
442,6
29.39
47
,737,5
93.93
30
,440,6
36.50
Shan
gri-l
a Dev
elopm
ent B
ank
Lim
ited
Notes
form
ing p
art o
f the
fina
ncial
stat
emen
ts(Co
ntin
ued…
)Ri
sk W
eight
ed E
xpos
ure f
or C
redi
t Risk
As on
31st
Asha
d 20
78 (1
5 Jul
y 202
1)
A. B
alanc
e She
et Ex
posu
res
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ank
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s for
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fina
ncia
l sta
tem
ents(
Cont
inue
d…)
Risk
Weig
hted
Exp
osur
e for
Cre
dit R
iskAs
on
31st
Asha
d 20
78 (1
5 Ju
ly 2
021)
Book
Val
ue
S
pecif
icPr
ovisi
on
Elig
ible
CRM
Ne
t Val
ue
Risk
Weig
ht
Risk
Weig
hted
Expo
sure
s
ab
cd=
a-b-
ce
f=d*
e R
evoc
able
Com
mitm
ents
-
0%
-
B
ills U
nder
Col
lectio
n
-
0
%
-
For
war
d Ex
chan
ge C
ontra
ct L
iabi
litie
s
-
10%
-
L
C Co
mm
itmen
ts W
ith O
rigin
al M
atur
ity U
pto
6 m
onth
s dom
estic
coun
terp
arty
-
20%
-
F
orei
gn co
unte
rpar
ty (E
CA R
atin
g 0-
1)
-
2
0%
-
For
eign
coun
terp
arty
(ECA
Rat
ing
2)
-
5
0%
-
For
eign
coun
terp
arty
(ECA
Rat
ing
3-6)
-
100
%
-
For
eign
coun
terp
arty
(ECA
Rat
ing
7)
-
1
50%
-
L
C Co
mm
itmen
ts W
ith O
rigin
al M
atur
ity O
ver 6
mon
ths d
omes
tic co
unte
rpar
ty
-
5
0%
-
For
eign
coun
terp
arty
(ECA
Rat
ing
0-1)
-
20%
-
F
orei
gn co
unte
rpar
ty (E
CA R
atin
g 2)
-
50%
-
F
orei
gn co
unte
rpar
ty (E
CA R
atin
g 3-
6)
-
1
00%
-
F
orei
gn co
unte
rpar
ty (E
CA R
atin
g 7)
-
150
%
-
Bid
Bon
d, P
erfo
rman
ce B
ond
and
Coun
ter g
uara
ntee
dom
estic
coun
terp
arty
94
,088
.05
9
4,08
8.05
5
0%
47,0
44.0
3
F
orei
gn co
unte
rpar
ty (E
CA R
atin
g 0-
1)
-
2
0%
-
For
eign
coun
terp
arty
(ECA
Rat
ing
2)
-
5
0%
-
For
eign
coun
terp
arty
(ECA
Rat
ing
3-6)
-
100
%
-
For
eign
coun
terp
arty
(ECA
Rat
ing
7)
-
1
50%
-
U
nder
writ
ing
com
mitm
ents
-
50%
-
L
endi
ng o
f Ban
k's S
ecur
ities
or P
ostin
g of
Sec
uriti
es as
colla
tera
l
-
100
%
-
Rep
urch
ase A
gree
men
ts, A
sset
s sale
with
reco
urse
-
100
%
-
Adv
ance
Pay
men
t Gua
rant
ee
-
1
00%
-
F
inan
cial
Gua
rant
ee
-
100
%
-
Acc
epta
nces
and
Endo
rsem
ents
-
100%
-
U
npai
d po
rtion
of P
artly
pai
d sh
ares
and
Secu
ritie
s
-
100
%
-
Irre
voca
ble C
redi
t com
mitm
ents
(sho
rt te
rm)
1,91
0,49
8.55
1,9
10,4
98.5
5 2
0%
382,
099.
71
Irre
voca
ble C
redi
t com
mitm
ents
(long
term
)
-
50%
-
C
laim
s on
fore
ign
bank
inco
rpor
ated
in S
AARC
regi
on o
pera
ting
with
a bu
ffer o
f 1%
abov
e the
ir re
spec
tive r
egul
ator
y ca
pita
l req
uire
men
t
-
20%
-
Oth
er C
ontin
gent
Lia
bilit
ies
-
-
100
%
-
Unp
aid
Gua
rant
ee C
laim
s25
,363
.50
2
5,36
3.50
20
0%50
,727
.00
TO
TAL
(B)
2,02
9,95
0.11
-
2,02
9,95
0.11
47
9,87
0.74
Tot
al R
WE
for c
redi
t Risk
Bef
ore A
djus
tmen
t (A
) +(B
)50
,635
,246
.80
425,
073.
38
44
2,62
9.39
49
,767
,544
.04
30,9
20,5
07.2
3
Adju
stmen
ts un
der P
illar
II-
-
Tot
al R
WE
for C
redi
t Risk
afte
r Ban
k's a
djus
tmen
ts un
der P
illar
II
50,6
35,2
46.8
0
425,
073.
38
442,
629.
39
49,7
67,5
44.0
4
30
,920
,507
.23
SRP
6.4a
(3) -
Add
10%
of t
he lo
ans &
faci
litie
s in
exce
ss o
f Sin
gle O
blig
or L
imits
to R
WE
SRP
6.4a
(4) -
Add
1%
of t
he co
ntra
ct (s
ale) v
alue i
n ca
se o
f the
sale
of cr
edit
with
reco
urse
to R
WE
B. O
ff Ba
lanc
e She
et E
xpos
ures
��
�������������������� ������������������������������� �������������������������� ����
���������������������
������������������������� ���������������������
(Rs.
in '0
00)
Dep
osits
with
Ba
nk
Dep
osits
with
ot
her
bank
s/FI
Gol
d
Gov
t.&
NRB
Secu
rities
G'te
e of
Gov
t. of
Ne
pal
Sec
/G'te
e of
Oth
er
Sove
reig
ns
G'te
e of
dom
estic
ba
nks
G'te
e of
MDB
s
Sec
/G'te
e of
Fore
ign
Bank
s T
otal
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
Cla
ims o
n Fo
reig
n go
vern
men
t and
Cen
tral B
ank
(ECA
-2)
-
Cla
ims o
n Fo
reig
n go
vern
men
t and
Cen
tral B
ank
(ECA
-3)
-
Cla
ims o
n Fo
reig
n go
vern
men
t and
Cen
tral B
ank
(ECA
-4-6
)-
C
laim
s on
Fore
ign
gove
rnm
ent a
nd C
entra
l Ban
k (E
CA -7
)-
C
laim
s on
Oth
er M
ultil
ater
al D
evel
opm
ent B
anks
-
Cla
ims o
n D
omes
tic P
ublic
Sec
tor E
ntiti
es-
C
laim
s on
Publ
ic S
ecto
r Ent
ity (E
CA 0
-1)
-
Cla
ims o
n Pu
blic
Sec
tor E
ntity
(ECA
2)
-
Cla
ims o
n Pu
blic
Sec
tor E
ntity
(ECA
3-6
) -
C
laim
s on
Publ
ic S
ecto
r Ent
ity (E
CA 7
) -
C
laim
s on
dom
estic
ban
ks th
at m
eet c
apita
l ade
quac
y re
quire
men
ts-
C
laim
s on
dom
estic
ban
ks th
at d
o no
t mee
t cap
ital a
dequ
acy
requ
irem
ents
-
Cla
ims o
n fo
reig
n ba
nk (E
CA R
atin
g 0-
1)
-
Cla
ims o
n fo
reig
n ba
nk (E
CA R
atin
g 2)
-
C
laim
s on
fore
ign
bank
(ECA
Rat
ing
3-6)
-
C
laim
s on
fore
ign
bank
(ECA
Rat
ing
7)
-
Cla
ims o
n fo
reig
n ba
nk in
corp
orat
ed in
SA
ARC
regi
on o
pera
ting
with
a bu
ffer o
f 1%
ab
ove t
heir
resp
ectiv
e reg
ulat
ory
capi
tal r
equi
rem
ent
-
Cla
ims o
n D
omes
tic C
orpo
rate
s (C
redi
t rat
ing
scor
e equ
ival
ent t
o A
AA
) C
laim
s on
Dom
estic
Cor
pora
tes
(Cre
dit r
atin
g sc
ore e
quiv
alen
t to
AA
+ to
AA
-) C
laim
s on
Dom
estic
Cor
pora
tes
(Cre
dit r
atin
g sc
ore e
quiv
alen
t to
A+
to A
-) C
laim
s on
Dom
estic
Cor
pora
tes
(Cre
dit r
atin
g sc
ore e
quiv
alen
t to
BBB+
& b
elow
) C
laim
s on
Dom
estic
Cor
pora
tes
(Unr
ated
)37
,500
.00
37,5
00.0
0
Cla
ims o
n Fo
reig
n Co
rpor
ates
(ECA
0-1
) -
C
laim
s on
Fore
ign
Corp
orat
es (E
CA 2
) -
C
laim
s on
Fore
ign
Corp
orat
es (E
CA 3
-6)
-
Cla
ims o
n Fo
reig
n Co
rpor
ates
(ECA
7)
-
Reg
ulat
ory
Reta
il Po
rtfol
io (N
ot O
verd
ue)
193,
128.
21
142,
271.
18
335,
399.
39
Cla
ims f
ulfil
ling
all c
riter
ion
of re
gula
rity
reta
il ex
cept
gra
nula
rity
-
Cla
ims s
ecur
ed b
y re
siden
tial p
rope
rties
-
Cla
ims n
ot fu
lly se
cure
d by
resid
entia
l pro
perti
es-
C
laim
s sec
ured
by
resid
entia
l pro
perti
es (O
verd
ue)
-
Cla
ims s
ecur
ed b
y Co
mm
erci
al R
eal E
state
-
Pas
t due
clai
ms (
exce
pt fo
r cla
ims s
ecur
ed b
y re
siden
tial p
rope
rties
-
-
-
-
H
igh
Risk
clai
ms
69,0
90.0
0
64
0.00
-
69
,730
.00
Le
ndin
g A
gain
st Se
curit
ies (
Bond
s & S
hare
s) In
vestm
ents
in eq
uity
and
othe
r cap
ital i
nstru
men
ts of
insti
tutio
ns li
sted
in st
ock
exch
ange
-
Inve
stmen
ts in
equi
ty an
d ot
her c
apita
l ins
trum
ents
of in
stitu
tions
not
liste
d in
the s
tock
ex
chan
ge-
O
ther
Ass
ets (
as p
er at
tach
men
t)-
To
tal
299,
718.
21
-
14
2,91
1.18
-
-
-
-
-
-
442,
629.
39
Shan
gri-l
a De
velo
pmen
t Ban
k Li
mite
d
As o
n 31
st As
had
2078
(15
July
202
1)El
igib
le Cr
edit
Risk
Miti
gant
s
Cre
dit e
xpos
ures
Note
s for
min
g pa
rt o
f the
fina
ncia
l sta
tem
ents(
Cont
inue
d…)
��
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����������������������� ��Sh
angr
i-la D
evelo
pmen
t Ban
k Li
mite
d
As on
31st
Asha
d 20
78 (1
5 Jul
y 202
1)El
igib
le Cr
edit
Risk
Miti
gant
sNo
tes fo
rmin
g par
t of t
he fi
nanc
ial st
atem
ents(
Cont
inue
d…)
Dep
osits
with
Ba
nk
Dep
osits
with
ot
her
bank
s/FI
Gold
G
ovt.&
NR
B Se
curit
ies
G'te
e of
Govt
. of
Nepa
l
Sec
/G'te
e of
Othe
r So
vere
igns
G'te
e of
dom
estic
ba
nks
G'te
e of
MDB
s
Sec
/G'te
e of
Fore
ign
Bank
s T
otal
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
For
ward
Exc
hang
e Con
tract
Liab
ilitie
s -
LC
Comm
itmen
ts W
ith O
rigina
l Matu
rity U
pto 6
mon
ths d
omes
tic co
unter
party
-
For
eign c
ount
erpa
rty (E
CA R
ating
0-1)
-
For
eign c
ount
erpa
rty (E
CA R
ating
2)
-
F
oreig
n cou
nter
party
(ECA
Rati
ng 3-
6)
-
F
oreig
n cou
nter
party
(ECA
Rati
ng 7)
-
LC
Comm
itmen
ts W
ith O
rigina
l Matu
rity O
ver 6
mon
ths d
omes
tic co
unter
party
-
For
eign c
ount
erpa
rty (E
CA R
ating
0-1)
-
For
eign c
ount
erpa
rty (E
CA R
ating
2)
-
F
oreig
n cou
nter
party
(ECA
Rati
ng 3-
6)
-
F
oreig
n cou
nter
party
(ECA
Rati
ng 7)
-
Bid
Bon
d, Pe
rform
ance
Bon
d and
Cou
nter
guar
antee
dome
stic c
ount
erpa
rty
-
For
eign c
ount
erpa
rty (E
CA R
ating
0-1)
-
For
eign c
ount
erpa
rty (E
CA R
ating
2)
-
F
oreig
n cou
nter
party
(ECA
Rati
ng 3-
6)
-
F
oreig
n cou
nter
party
(ECA
Rati
ng 7)
-
Und
erwr
iting
comm
itmen
ts
-
L
endi
ng of
Ban
k's S
ecur
ities
or P
ostin
g of S
ecur
ities
as co
llater
al
-
R
epur
chas
e Agr
eeme
nts,
Asse
ts sa
le wi
th re
cour
se
-
A
dvan
ce P
ayme
nt G
uara
ntee
-
Fina
ncial
Gua
rant
ee-
Acc
eptan
ces a
nd E
ndor
seme
nts
-
U
npaid
porti
on of
Par
tly pa
id sh
ares
and S
ecur
ities
-
Irre
voca
ble C
redi
t com
mitm
ents
(shor
t ter
m)
-
Ir
revo
cable
Cre
dit c
ommi
tmen
ts (lo
ng te
rm)
-
O
ther
Con
tinge
nt L
iabili
ties
-
U
npaid
Gua
rant
ee C
laims
-
To
tal
-
-
-
-
-
-
-
-
-
-
Gran
d To
tal
299,7
18.21
-
14
2,911
.18
-
-
-
-
-
-
44
2,629
.39
Off
Balan
ce S
heet
Expo
sure
s
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���������������������
������������������������� ���������������������
(Rs. in '000)
2074/075 2075/076 2076/0771 Net Interest Income 814,617.13 993,609.28 1,050,298.72 2 Commission and Discount Income 137,050.16 182,826.44 166,786.01 3 Other Operating Income 757.10 708.81 7,530.73 4 Exchange Fluctuation Income - -
5 Addition/Deduction in Interest Suspense during the period
6 Gross income (a) 952,424.39 1,177,144.52 1,224,615.46 7 Alfa (b) 15% 15% 15%
8 Fixed Percentage of Gross Income [c=(a×b)] 142,863.66 176,571.68 183,692.32
9 167,709.22 10 10.00 11 1,677,092.19
Capital Requirement for operational risk (d) (average of c) Risk Weight (reciprocal of capital requirement of 10%) in times (e) Equivalent Risk Weighted Exposure [f=(d×e)]
Shangri-la Development Bank Limited
Risk Weighted Exposure for Operational RiskAs on 31st Ashad 2078 (15 July 2021)
S.N. Particulars Fiscal Year
Notes forming part of the financial statements(Continued…)
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(Rs. in '000)
S.No. Currency Open Position (FCY)
Exchange Rate
Open Position (NPR)
Relevant Open Position
1 INR 3,138.61 1.60 5,021.78 5,021.78 2 USD 54.72 119.20 6,522.78 6,522.78 3 GBP - - 4 EUR - - 5 THB - - 6 CHF - - 7 AUD - - 8 CAD - - 9 SGD - - 10 JPY - - 11 HKD - - 12 DKK - - 13 SEK - - 14 SAR - - 15 QAR - - 16 AED - - 17 MYR - - 18 KRW19 CNY 20 KWD 21 BHD
11,544.56 11,544.56 5%
577.23 10.00
5,772.28
(c) Capital Charge for Market Risk (=a×b) (d) Risk Weight (reciprocal of capital requirement of 10%) in times (e) Equivalent Risk Weighted Exposure (=c×d)
(a) Total Open Position
Shangri-la Development Bank Limited
As on 31st Ashad 2078 (15 July 2021)Risk Weighted Exposure for Market Risk
Notes forming part of the financial statements(Continued…)
(b) Fixed Percentage
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(Rs. in '000)Amount
Total Deposit & Borrowing 43,600,106.52 1. Total Deposits 42,849,642.75 2. Total Borrowings 750,463.77
Liquid Assets 10,437,590.87 1. Cash 710,651.45 2. Bank Balance 4,597,305.56 3. Money at call and short notice - 4. Investments in government securities 5,129,633.86 5. Placements upto 90 days
C Borrowings payable upto 90 days - D Net Liquid Assets (B-C) 10,437,590.87 E Net Liquid Assets to Total deposit (D/A1) 24.36%F Shortfall in Ratio No ShortfallG Percentage of deposit to be added to RWE - H Amount to be added to risk weighted exposures -
B
Shangri-la Development Bank Limited
Net Liquid Assets to Total Deposit RatioAs on 31st Ashad 2078 (15 July 2021)
Particulars
Notes forming part of the financial statements(Continued…)
A
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5.3.
Clas
sifica
tion
of F
inan
cial A
ssets
and
Fina
ncial
Liab
ilitie
s
The
finan
cial a
ssets
and
liab
ilitie
s are
clas
sified
in a
morti
sed
cost,
fair
valu
e thr
ough
pro
fit a
nd lo
ss a
nd f
air v
alue
throu
gh o
ther
co
mpre
hens
ive i
ncom
e. Th
e fol
lowin
g tab
le ex
hibits
the c
lassif
icatio
n of f
inanc
ial as
sets
and l
iabili
ties:
Amou
nt in
NPR
Am
ortis
ed C
ost
Fai
r val
ue th
roug
h ot
her
com
preh
ensiv
e in
com
e (F
VTOC
I)
Fai
r val
ue
thro
ugh
prof
it or
lo
ss (F
VTPL
) T
otal
A
mor
tised
Cos
t
Fai
r val
ue
thro
ugh
othe
r co
mpr
ehen
sive
inco
me
(FVT
OCI)
Fai
r val
ue
thro
ugh
prof
it or
loss
(FVT
PL)
Tot
al
Fina
ncia
l Ass
ets
Cash
and C
ash E
quiva
lent
5,091
,909,6
07
-
-
5,0
91,90
9,607
3,8
28,59
5,108
-
-
3,8
28,59
5,108
Du
e from
Nep
al Ra
stra B
ank
1,489
,812,2
45
-
-
1,4
89,81
2,245
1,4
26,59
7,704
-
-
1,4
26,59
7,704
Pl
acem
ent w
ith B
ank a
nd F
inanc
ial
Institu
tions
5,547
,188
-
-
5,547
,188
5,6
10,01
2
-
-
5,610
,012
Deriv
ative
Fina
ncial
Instr
umen
ts-
-
-
-
-
-
-
-
Othe
r Trad
ing A
ssets
-
-
-
-
-
-
-
-
Lo
ans a
nd A
dvan
ces t
o BFIs
3,143
,294,7
17
-
-
3,1
43,29
4,717
93
1,095
,864
-
-
93
1,095
,864
Loan
s and
Adv
ance
s to C
ustom
ers33
,044,7
48,46
0
-
-
33,04
4,748
,460
22
,934,3
97,57
3
-
-
22
,934,3
97,57
3
Inves
tmen
t Sec
uritie
s3,8
90,75
9,503
60
0,391
,287
-
4,491
,150,7
89
2,729
,726,2
22
44
8,989
,072
-
3,1
78,71
5,295
Inv
estm
ent in
Sub
sidiar
ies-
-
-
-
-
-
Inves
tmen
t in A
ssoc
iates
-
-
-
-
-
-
-
Inv
estm
ent P
ropert
y-
-
-
-
-
-
-
-
Othe
r Ass
ets14
6,882
,823
-
-
14
6,882
,823
146,8
21,26
3
14
6,821
,263
Tota
l Fin
ancia
l Ass
ets
46,81
2,954
,542
600,3
91,28
7
-
47
,413,3
45,82
9
32,00
2,843
,748
44
8,989
,072
-
32
,451,8
32,82
0
Fina
ncia
l Lia
bilit
ies
Due t
o Ban
ks an
d Fina
ncial
Insti
tution
s1,0
52,29
2,705
-
-
1,052
,292,7
05
1,120
,730,5
94
-
-
1,120
,730,5
94
Due t
o Nep
al Ra
stra B
ank
750,4
63,77
1
-
-
750,4
63,77
1
1,3
27,84
5
-
-
1,327
,845
De
rivati
ve F
inanc
ial In
strum
ents
-
-
-
-
-
-
-
-
De
posit
s from
Cus
tomers
41,79
7,350
,041
-
-
41
,797,3
50,04
1
28,13
2,696
,849
-
-
28,13
2,696
,849
Bo
rrowi
ngs
-
-
-
-
-
-
-
-
Ot
her L
iabilit
ies52
4,298
,714
-
-
52
4,298
,714
337,5
42,47
1
-
-
337,5
42,47
1
To
tal F
inan
cial L
iabi
litie
s44
,124,4
05,23
1
-
-
44,12
4,405
,231
29
,592,2
97,75
8
-
-
29
,592,2
97,75
8
As
at 1
5 Jul
y 202
1
As a
t 15 J
uly 2
020
Shan
gri-l
a D
evel
opm
ent B
ank
Lim
ited
Not
es fo
rmin
g pa
rt o
f the
fina
ncia
l sta
tem
ents
(Con
tinue
d..)
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5.4 Operating Segment Information
1. General Information
An operating segment is a component of the Bank that engages in business activities from which it may earn revenue and incur expenses, including revenue and expenses that relate to transactions with any of the Bank’s other components, whose operating results are reviewed regularly by the chief operating decision maker to make decisions about resources allocated to each segment and assess its performance, and for which discrete financial information is available
Based on the nature of the business, transactions, products and services, the management have identified four reporting segment for the purpose of financial reporting:
a. Core Banking
This segment covers various generalized products and services of the Banks. All deposit accounts (Saving, Current, Call & Fixed) and Loans provided to Institutional and Individual customers are classified under this segment. The interest income and other fee incomes generated out of such loans are revenue items of this segment.
b. Treasury
Treasury function of the bank manages the liquidity on the branch level and of the banks as a whole. The fund invested in government bond, treasury bills, placement and shares of other organizations are classified under this segment. The interest income of bonds and bills, forex gains, dividend income are revenue items of this segment. Expenses of this segment comprises of interest expenses on deposits used for making investments.
c. Digital Banking
This segment covers both domestic remittance and foreign inwards remittance facility served with a purpose to provide complete remittance solution to the valued customers of the Bank.
Major sources of revenue of the segment are income from remittance, Mobile Banking, Internet Banking, Fee, and income from remittances, ATM Card issue and renewal fee etc.
d. Other Component
All other revenue and expenses which cannot be classified to the above mentioned segment fall under this segment. The income from sale of assets, Locker Charges, Agency Commission, Insurance Commission, other fees and commission are classified under this segment.
Shangri-la Development Bank Limited Notes forming part of the financial statements (Continued..)
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2.
Info
rmat
ion
abou
t Rep
orta
ble
Segm
ent
Am
ount
in N
PR
3.
Mea
sure
men
t of O
pera
ting
Segm
ent P
rofit
or
Loss
, Ass
ets a
nd L
iabi
litie
s
Reve
nues
from
ext
erna
l cus
tom
ers c
ompr
ise o
f gro
ss in
tere
st re
venu
e, g
ross
fee
and
com
miss
ion
reve
nue,
net
trad
ing
reve
nue,
ot
her o
pera
ting
inco
mes
and
inte
r-seg
men
t rev
enue
. The
tran
sact
ion
betw
een
the
bran
ches
are
cha
rged
at t
he p
rice
deci
ded
by
the
bank
's m
anag
emen
t on
time
to ti
me
basis
. Th
e tra
nsac
tion
betw
een
the
depa
rtmen
ts ar
e re
cord
ed u
sing
the
inte
r-bra
nch
and
inte
rdep
artm
enta
l acc
ount
. The
se a
ccou
nts
are
reco
ncile
d an
d in
terd
epar
tmen
tal b
alan
ces a
re c
ance
lled
out a
t eac
h re
porti
ng d
ate.
Cor
e B
anki
ng
Tre
asur
y D
igita
l Ban
king
O
ther
s T
otal
R
even
ue fr
om e
xter
nal c
usto
mer
s3,
532,
161,
530
40
9,12
6,59
4
21
,460
,797
32
,248
,729
3,
994,
997,
650
In
ter S
egm
ent E
xpen
ses/
reve
nues
-
-
-
-
-
Net
Rev
enue
3,53
2,16
1,53
0
409,
126,
594
21,4
60,7
97
32,2
48,7
29
3,99
4,99
7,65
0
Inte
rest
reve
nue
3,32
5,14
8,44
2
159,
629,
059
-
30
,428
,822
3,
515,
206,
323
In
tere
st e
xpen
se2,
303,
332,
914
5,
352,
952
-
-
2,30
8,68
5,86
6
Net
inte
rest
exp
ense
s/re
venu
e1,
021,
815,
528
15
4,27
6,10
6
-
30,4
28,8
22
1,20
6,52
0,45
7
Dep
reci
atio
n an
d am
ortis
atio
n80
,929
,402
80
,929
,402
Se
gmen
t pro
fit /(
loss
)94
0,88
6,12
6
15
4,27
6,10
6
-
30,4
28,8
22
1,12
5,59
1,05
5
Entit
y's in
tere
st in
the
prof
i t o
r los
s of
ass
ocia
tes
acco
unte
d fo
r usi
ng e
quity
met
hod
-
-
-
-
-
Oth
er m
ater
ial n
on c
ash
item
s-
-
-
-
-
Im
pairm
ent o
f ass
ets
236,
067,
814
-
-
-
236,
067,
814
Segm
ent a
sset
s36
,617
,677
,714
11
,078
,419
,829
3,
619,
385
137,
159,
672
47
,836
,876
,600
Se
gmen
t lia
bilit
ies
43,6
00,1
06,5
17
524,
298,
714
44
,124
,405
,231
Shan
gri-l
a D
evel
opm
ent B
ank
Lim
ited
Not
es fo
rmin
g pa
rt o
f the
fina
ncia
l sta
tem
ents
(Con
tinue
d..)
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4. Reconciliation of Reportable Revenue, Profit or Loss, Assets and Liabilities
a. Revenue Particulars Amount (NPR)
Total revenue for reportable segment 3,994,997,650 Other Revenues -Elimination of intersegment revenues -Entity's revenues 3,994,997,650
b. Profit or Loss
Particulars Amount (NPR) Total revenue for reportable segment 1,125,591,055 Other Profit or loss - Elimination of intersegment Profit - Unallocated amount - Profit before income tax 1,125,591,055
c. Assets
Particulars Amount (NPR) Total assets for reportable segment 47,836,876,600 Other assets Unallocated assets Entity's assets 47,836,876,600
d. Liabilities
Particulars Amount (NPR) Total Liabilities for reportable segment 44,124,405,231 Other Liabilities Unallocated Liabilities Entity's assets 44,124,405,231
5. Information about products and services
Particulars Amount (NPR) Core Banking 3,532,161,530 Treasury 409,126,594 Digital Banking 21,460,797 Others 32,248,729 Total 3,994,997,650
5.5 Share Option and Share Based Payment
The Bank does not extend the share options and share based payment to any of its employees. Thus, during the reporting period the bank does not have any transactions that are to be accounted as per NFRS 2 “Share-based Payments.
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5.6 Contingent liabilities and commitment
Contingent Liabilities
Where the Bank undertakes to make a payment on behalf of its customers for guarantees issued for which an obligation to make a payment has not arisen at the reporting date, those are included in these financial statements as contingent liabilities.
Commitment
Where the Bank has confirmed its intention to provide funds to a customer or on behalf of a customer in the form of loans, overdrafts, future guarantees, whether cancellable or not and the Bank has not made payments at the reporting date, those instruments are included in these financial statements as commitments.
Comprehensive disclosure of the contingent liabilities and commitments are made on Note 4.28
5.7 Related Party Disclosures
I. List of Related Party
Directors and Key Management Personnel of the bank have been identified as Related Parties for Bank under NAS 24.
As at 15 July 2021 Name of Related Party Relationship Date of Appointment
Mr. Achyut Prasad Prasai Chairman Appointed on 30th Poush 2075 Mr. Ganga Sagar Dhakal Director Appointed on 30th Poush 2075 Mr. Naresh Man Tuladhar Director Appointed on 9th Poush 2076 Mr. Sushil Kaji Baniya Director Appointed on 30th Poush 2075 Ms. Lisa Sherchan Director Appointed on 28th Magh 2076 Mr. Raju Nath Khanal Director Appointed on 26th Shrawan 2076 Mr. Suyog Shrestha Chief Executive Officer Appointed on 18th Bhadra 2075
II. Related Party Transactions
Board of Director Allowance are as follows:
As at 15 July 2021Particulars No of Meetings Allowance (NPR)
Board Meeting 23 954,000.00 Audit Committee Meeting 7 45,500.00 Risk Management Committee 5 65,000.00 Assets Money Laundering Prevention 4 26,000.00 Employee Service Benefit Committee 8 52,000.00 Total 47 1,142,500.00
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Key Managerial Personnel’s Salary and Facilities are as follows As at 15 July 2021
Amount in NPR Particulars Chief Executive Officer
Salary 4,150,800Allowance 3,699,072 Dashain Allowance 563,000 Provident Fund 415,080 Statutory Bonus 756,084 Total 9,584,036
5.8 Merger and Acquisition
The Bank has neither entered into merger nor acquired any bank and financial institutions during the reporting period.
5.9 Unpaid Dividend
The following unpaid dividend amount has remained outstanding as at the reporting date:
Financial Year Unclaimed Dividend (Amount in NPR) FY 2067/68 627,855.00 FY 2068/69 1,228,502.00 FY 2069/70 2,665,981.50 FY 2070/71 2,048,433.08 FY 2073/74 12,163,777.33 FY 2074/75 7,947,810.06 FY 2075/76 15,388,324.91 Total 42,070,683.88
5.10 Events after reporting date
Events after the reporting date are those events, favorable and unfavorable, that occur between the reporting date and the date when the financial statements are authorized for issue.
All material and important events that occurred after the reporting date have been considered and appropriate disclosures have been made in line with NAS 10 – “Events After the Reporting Period”.
a. Impairment Charges/Reversal for Loans and Advances
The Bank has measured impairment loss on loan and advances as the higher of amount derived as per norms prescribed by Nepal Rastra Bank for loan loss provision and amount determined as per paragraph 63 of NAS 39. The Nepal Rastra Bank’s Directives No. 2, inter alia requires to bank to classify the loans and advances based on the due dates. In calculating the due dates, the bank has considered the recovery on installment and interest made after the reporting period and upto 22nd September 2021.
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b. Regulatory Reserve
As per NRB Circular No. 01/078/79, accrued interest income of Ashad end 2078 realized till 15th Bhadra 2078 then such amount can be recognized as income of FY 2077/78.
The Bank has realized accrued interest income of NPR 77,164,839.32 till 15th Bhadra 2078 and for the same bank has not reversed regulatory reserve. Consequently, bank has not transferred NPR 48,613,848.77 (Net off Staff Bonus and Tax) from Regulatory Reserve to Retained earnings.
5.11 Non-Banking Assets
Non-Banking Assets are the assets obtained as security for loans & advances and subsequently taken over by the Bank in the course of loan recovery. The Bank does not possess any non-banking assets as of reporting date.
5.12 Comparative Figures
Previous year figures have been regrouped and reclassified wherever necessary to conform to the current year’s presentation.
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Amou
nt in
NPR
Amou
nt%
Reas
ons f
or V
arian
ceAs
sets
Cash
and c
ash e
quiva
lent
3,
836,6
74,44
8
5,09
1,909
,607
(1,25
5,235
,158)
-3
2.72%
Recla
ssific
ation
from
inve
stmen
t and
No
stro a
ccou
nt rec
oncil
ation
Due f
rom
Nepa
l Ras
tra B
ank
1,
471,2
79,40
0
1,48
9,812
,245
(18,5
32,84
6)
-1
.26%
Plac
emen
t with
Ban
k and
Fina
ncial
In
stitut
ions
5,5
47,18
8
5,54
7,188
-
0.0
0%
Deriv
ative
fina
ncial
instr
umen
ts.
-
-
-
0.0
0%Ot
her t
rading
asse
ts
53
1,381
,487
-
531,3
81,48
7
10
0.00%
Recla
ssific
ation
to in
vestm
ent
Loan
and a
dvan
ces t
o B/F
Is
3,14
3,294
,717
3
,143,2
94,71
7 0
0.00%
Loan
s and
adva
nces
to cu
stome
rs 3
3,095
,238,6
77
33,0
44,74
8,460
50
,490,2
17
0.1
5%In
vestm
ent s
ecur
ities
5,
214,8
92,28
7
4,49
1,150
,789
723,7
41,49
8
13
.88%
Recla
ssific
ation
to ca
sh an
d cas
h equ
ivalen
t
Curre
nt tax
asse
ts
2
9,574
,461
9,
723,1
51
19,85
1,310
67.12
%Re
conc
ilatio
n of A
dvan
ce ta
xIn
vestm
ent i
n sus
idiari
es
-
-
-
0.0
0%In
vestm
ent i
n asso
ciates
-
-
-
0.00%
Inve
stmen
t pro
perty
-
-
-
0.00%
Prop
erty a
nd eq
uipme
nt
38
6,266
,949
386,2
66,94
9 (0
)
0.0
0%Go
odwi
ll an
d Inta
ngibl
e asse
ts
3,923
,285
3,
923,2
85
(0)
0.00%
Defer
red ta
x asse
ts39
,375,6
08
33,3
40,53
6 6,0
35,07
1
15.33
%Fi
nal C
alcula
tion o
f Cur
rent y
ear d
eferre
d tax
Othe
r asse
ts89
,865,3
68
137,1
59,67
2 (4
7,294
,304)
-52.6
3%Re
classi
ficati
on an
d rec
oncil
ation
of
sund
ry de
btors
Tota
l Asse
ts 4
7,847
,313,8
75
47,8
36,87
6,600
10
,437,2
75
Varia
nce
Shan
gri-l
a Dev
elopm
ent B
ank L
imite
d Co
mpa
rision
of U
naud
ited I
nter
im St
atem
ent o
f Fin
ancia
l Pos
ition
and A
udite
d Sta
temen
t of F
inan
cial P
ositi
onAs
on 31
st As
had 2
078 (
15 Ju
ly 20
21)
Unau
dited
SOFP
Audi
ted SO
FPPa
rticu
lars
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Amou
nt%
Reas
ons f
or V
aria
nce
Liab
ilitie
sDu
e to B
ank a
nd F
inan
cial
Insti
tuio
ns
1,05
2,292
,705
1
,052,2
92,70
5 -
0.0
0%Du
e to N
epal
Rastr
a Ban
k
75
0,463
,771
750,4
63,77
1 -
0.0
0%De
rivati
ve fi
nanc
ial in
strum
ents
-
-
-
0.00%
Depo
sits f
rom
custo
mer
s 4
1,797
,350,0
41
41,7
97,35
0,041
0
0.00%
Borro
wing
-
-
-
0.00%
Curre
nt T
ax L
iabili
ties
-
-
-
0.0
0%Pr
ovisi
ons
-
-
-
0.0
0%De
ferre
d tax
liab
ilitie
s-
-
-
0.00%
Othe
r liab
ilitie
s53
0,240
,336
524,2
98,71
4 5,9
41,62
2
1.12%
Debt
secu
rities
issu
ed-
-
-
0.00%
Subo
rdin
ated L
iabili
ties
-
-
-
-
-
Tota
l lia
bilit
ies 4
4,130
,346,8
53
44,1
24,40
5,231
5,
941,6
22
Equi
ty Shar
e cap
ital
2,
736,9
72,42
0
2,73
6,972
,420
-
0.00%
Shar
e pre
miu
m
-
-
-
0.0
0%Re
taine
d ear
ning
s
30
4,695
,032
315,9
18,74
1 (1
1,223
,709)
-3.68
%Ef
fect
of ch
ange
in P
rofit
Rese
rves
675,2
99,56
9
65
9,580
,208
15,71
9,361
2.3
3%Ef
fect
of ch
ange
in P
rofit
Total
equi
ty at
tribu
table
to eq
uity
ho
lder
s3,7
16,96
7,022
3,71
2,471
,369
4,495
,653
0.1
2%
Non-
cont
rolli
ng in
teres
t
-
-
-
0.00%
Tota
l Equ
ity
3,71
6,967
,022
3
,712,4
71,36
9
4
,495,6
53
0.12%
0.00%
Tota
l Lia
bilit
ies an
d Eq
uity
47,8
47,31
3,875
4
7,836
,876,6
00
1
0,437
,275
0.02%
Cont
inge
nt li
abili
ties a
nd
com
mitm
ent
1,849
,158,4
03
2,029
,950,1
05
(1
80,79
1,703
)
-9.78
%
Net a
ssets
valu
e per
shar
e 13
5.81
135.6
40.1
6
0.12%
Part
icula
rsUn
audi
ted
SOFP
Audi
ted
SOFP
Varia
nce
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Amou
nt in
NPR
Amou
ntin
NPR
Amou
nt%
Inter
est i
ncom
e
3,502
,106,4
89
3,515
,206,3
23
(13
,099,8
34)
-0.37
%Ad
justm
ent o
f Fina
nce c
harg
e und
er NF
RSIn
teres
t exp
ense
2,3
04,17
0,917
2,3
08,68
5,866
(4,51
4,949
)-0
.20%
Net i
nter
est i
ncom
e
1,197
,935,5
72
1,206
,520,4
57
(8
,584,8
85)
-0.72
%Fe
e and
comm
ission
inco
me
225
,617,0
81
230
,376,8
80
(4
,759,7
99)
-2.11
% R
econ
cilati
on of
Rem
ittan
ce in
come
Fe
e and
comm
ission
expe
nse
6,90
5,955
6,90
5,955
-
0.0
0%Ne
t fee
and c
omm
ission
inco
me
2
18,71
1,126
2
23,47
0,925
(4,75
9,799
)-2
.18%
Net i
nteres
t, fee
and c
ommi
ssion
inco
me
1,416
,646,6
98
1,429
,991,3
82
(13
,344,6
84)
-0.94
%Ne
t trad
ing in
come
-
-
0.0
0%Ot
her o
perat
ing in
come
2
41,09
0,222
2
49,41
4,446
(8,32
4,224
)-3
.45%
Reco
ncila
tion o
f gain
on sa
le of
inve
stmen
tTo
tal o
pera
ting i
ncom
e
1,657
,736,9
20
1,679
,405,8
29
(21
,668,9
09)
-1.31
%Im
pairm
ent c
harg
e/(rev
ersal)
for l
oans
an
d othe
r los
ses
2
32,53
2,333
2
36,06
7,814
(3,53
5,481
)-1
.52%
Net o
pera
ting i
ncom
e
1,425
,204,5
87
1,443
,338,0
14
(18
,133,4
28)
-1.27
%Op
eratin
g exp
ense
Perso
nnel
expe
nses
5
02,51
8,063
4
90,23
4,378
12,28
3,685
2.4
4%Ot
her o
perat
ing ex
pens
es
281
,654,3
87
282
,761,8
61
(1
,107,4
74)
-0.39
%De
prec
iation
& A
morti
satio
n
80
,929,4
02
80
,929,4
02
-
0.00%
Oper
atin
g Pro
fit
560
,102,7
35
589
,412,3
73
(29
,309,6
39)
-5.23
%No
n ope
rating
inco
me
129,0
70
129
,070
-
0.00%
Non o
perat
ing ex
pens
e
939,5
74
939
,574
-
0.00%
Prof
it be
fore
inco
me t
ax
559
,292,2
31
588
,601,8
70
(29
,309,6
39)
-5.24
%In
come
tax e
xpen
se
142
,361,6
45
178
,521,4
13
(36
,159,7
68)
-25.4
0%Cu
rrent
tax
155
,278,9
96
185
,403,6
93
(30
,124,6
97)
-19.4
0%Du
e to c
hang
e in p
rofit
befo
re tax
and r
evise
d co
mputa
tion o
f inc
ome t
ax un
der I
ncom
e Tax
Ac
t. De
ferred
tax I
ncom
e/Exp
ense
s(1
2,917
,352)
(6,88
2,281
)
(6
,035,0
71)
46.72
%Fi
nal C
alcula
tion o
f Cur
rent y
ear d
efered
tax
Varia
nce
Shan
gri-l
a Dev
elopm
ent B
ank L
imite
d Co
mpa
rision
of U
naud
ited I
nter
im St
atem
ent o
f Pro
fit or
Los
s and
Aud
ited S
tatem
ent o
f Pro
fit or
Los
s
Parti
cular
sRe
ason
s for
Var
iance
Una
udite
d SOP
L A
udite
d SOP
L
For t
he ye
ar en
ded 3
1 Ash
ad 20
78
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Amou
nt%
Profi
t for t
he ye
ar
416
,930,5
86
410,0
80,45
7
6,85
0,129
1.6
4%Pro
fit att
ributa
ble to
:Eq
uity h
olders
of th
e Ban
k
416
,930,5
86
410
,080,4
57
6
,850,1
29
1.64%
Conse
quen
tial e
ffect
of ab
ove m
entio
ned i
tems.
Non-c
ontro
lling i
nteres
t
-
-
-
Profi
t for t
he ye
ar
416
,930,5
86
410,0
80,45
7
6,85
0,129
1.6
4%
Earn
ings p
er sha
reBa
sic ea
rning
s per
share
15.23
14.9
8
0.25
1.6
2%Di
luted
earni
ngs p
er sha
re
15
.23
1
4.98
0
.25
1.62%
Parti
cular
s U
naud
ited S
OPL
Aud
ited S
OPL
Varia
nce
Reaso
ns for
Vari
ance
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Amou
nt in
NPR
Amou
nt%
Prof
it fo
r the
year
4
16,9
30,5
86
410
,080
,457
6
,850
,129
1.
64%
Oth
er co
mpr
ehen
sive i
ncom
e
-
a)
Item
s tha
t will
not
be r
ecla
ssifi
ed to
pro
fit or
loss
-
Gain
s/(lo
sses
) fro
m in
vestm
ents
in eq
uity
instr
umen
ts m
easu
red
at fa
ir va
lue
6,5
81,5
90
6
,581
,590
-
0.
00%
Gain
/(los
s) on
reva
lutio
n
-
-
Ac
tuar
ial g
ain/(l
oss)
on d
efin
ed b
enef
it pl
ans
-
-
-
Inco
me t
ax re
latin
g to
abov
e item
s
(1
,974
,477
)
(1,9
74,4
77)
-
0.00
%Ne
t oth
er co
mpr
ehen
sive i
ncom
e tha
t will
not
be r
ecla
ssifi
ed to
pro
fit or
4,6
07,11
3
4,60
7,113
-
0.00
%b)
Item
s tha
t are
or m
ay b
e rec
lass
ified
to p
rofit
or lo
ss
-
-
Ga
ins/(
loss
es) o
n ca
sh fl
ow h
edge
-
-
Exch
ange
gain
s/(lo
sses
) (ar
ising
from
tran
slatin
g fin
ancia
l ass
ets o
f for
eign
oper
ation
)
-
-
Inco
me t
ax re
latin
g to
abov
e item
s
-
-
Re
class
ifica
tion
of P
rofit
/Los
s
-
-
Ne
t oth
er co
mpr
ehen
sive i
ncom
e tha
t are
or m
ay b
e rec
lassif
ied to
pro
fit o
r los
s
-
-
-
c)
Sha
re of
othe
r com
preh
ensiv
e inc
ome o
f ass
ocia
te ac
coun
ted
as p
er
equi
ted
met
hod
-
-
Oth
er co
mpr
ehen
sive i
ncom
e for
the p
erio
d, n
et of
inco
me t
ax
4,6
07,11
3
4,60
7,113
-
0.00
%To
tal c
ompr
ehen
sive i
ncom
e for
the y
ear
42
1,537
,699
414
,687,5
70
6,85
0,129
1.
63%
Tota
l com
preh
ensiv
e inc
ome a
ttrib
utab
le to
:Eq
uity
hol
ders
of th
e Ban
k
421
,537
,699
4
14,6
87,5
70
6,8
50,1
29
1.63
%No
n-co
ntro
lling
inte
rest
-
-
-
Tota
l com
preh
ensiv
e inc
ome f
or th
e yea
r
421,5
37,69
9 4
14,68
7,570
6,
850,1
29
1.63
%
Varia
nce
Shan
gri-l
a Dev
elopm
ent B
ank
Lim
ited
Com
paris
ion
of U
naud
ited
Inte
rim S
tate
men
t of O
ther
Com
preh
ensiv
e Inc
ome a
nd A
udite
d St
atem
ent o
f Oth
er
Com
preh
ensiv
e Inc
ome
For t
he ye
ar en
ded
31 A
shad
2078
Part
icula
rs U
naud
ited
SOCI
A
udite
d SO
CI
Reas
ons f
or
Varia
nce
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As a
t 15
July
2017
A
s at
16 Ju
ly 20
18
As a
t 16
July
2019
A
s at
15 Ju
ly 20
20
As a
t 15
July
2021
Net P
rofit
/ Gro
ss In
com
e%
43.5
6%29
.73%
29.2
7%19
.87%
28.4
1%Ea
rnin
gs P
er S
hare
NPR
19.5
8
12.1
8
13.1
1
7.
33
14
.98
M
arke
t Valu
e Per
Sha
reNP
R39
0.00
157.
00
15
9.00
14
1.00
42
4.00
Price
Ear
ning
Rati
oTi
mes
19.9
2
12.8
9
12.1
2
19
.23
28.3
0
Total
Div
iden
d on
shar
e cap
ital
%20
.33%
9.45
%8.
96%
5.26
%10
.526
%Ca
sh D
ivid
end
%16
.02%
5.45
%8.
96%
0.26
%0.
5263
%In
teres
t Inc
ome/
Total
Inter
est E
arni
ng A
ssets
%9.
70%
9.74
%10
.19%
9.84
%7.
53%
Inter
est E
xpen
ses/T
otal
Inter
est B
earin
g Li
abili
ties
%4.
88%
7.47
%7.
89%
7.13
%5.
30%
Staf
f Exp
ense
s/ To
tal O
pera
ting
Expe
nses
%47
.89%
48.3
7%52
.96%
52.8
6%57
.41%
Exch
ange
Gain
/ Tot
al In
com
e%
0.00
%0.
00%
0.00
%0.
00%
0.00
%St
aff B
onus
/Tot
al St
aff E
xpen
ses
%42
.98%
23.1
7%17
.86%
8.13
%13
.34%
Net P
rofit
/Tot
al Lo
ans &
Adv
ance
s%
2.98
%2.
09%
3.47
%0.
80%
1.13
%Ne
t Pro
fit/ T
otal
Asse
ts%
2.17
%1.
48%
1.44
%0.
58%
0.86
%To
tal L
oans
& A
dvan
ces/T
otal
Depo
sits
%84
.10%
82.4
1%86
.11%
81.5
8%84
.45%
Total
Ope
ratin
g Ex
pens
es/T
otal
Asse
ts%
1.51
%1.
89%
2.85
%2.
11%
1.79
%Ca
pital
Ade
quac
y (O
n Ri
sk W
eight
ed A
ssets
)Co
re C
apita
l%
13.8
7%18
.02%
15.6
1%12
.35%
10.5
2%Su
pplem
entar
y Ca
pital
%1.
02%
1.00
%1.
05%
1.27
%1.
25%
Total
Cap
ital F
und
%14
.89%
19.0
2%16
.66%
13.6
2%11
.77%
Liqu
idity
Rati
o%
29.7
6%31
.21%
20.8
6%27
.30%
24.3
6%No
n-Pe
rform
ing
Loan
/ Tot
al Cr
edit
(as p
er N
RB
Prov
ision
)%
0.60
%1.
62%
0.80
%1.
13%
1.39
%Ba
se R
ate%
11.1
0%12
.55%
11.6
6%9.
99%
8.54
%In
teres
t Rate
Spr
ead
%7.
16%
7.76
%4.
92%
4.57
%4.
29%
Net W
orth
NP
R1,
705,
638,
508.
02
2,95
8,07
5,04
8.42
3,
335,
157,
175.
36
3,30
6,03
6,32
8.98
3,
712,
471,
368.
75
Num
ber o
f Sha
res
Nos.
13,5
84,7
47.5
0
25
,063
,850
.00
26,0
66,4
04.0
0
26,0
66,4
04.0
0
27,3
69,7
24.2
0
Ne
t wor
th p
er sh
are
NPR
125.
56
11
8.02
127.
95
126.
83
135.
64
Nu
mbe
r of E
mpl
oyee
sNo
s.30
9
46
8
68
3
674
73
5
Shan
gri-l
a Dev
elopm
ent B
ank
Lim
ited
Prin
cipal
Indi
cato
rs of
Las
t 5 F
inan
cial Y
ear
Indi
cato
rUn
it A
s per
NRB
A
s per
NFR
S
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Shangri-la Development Bank Limited Additional Disclosure Under BASEL II
As per Capital Adequacy Framework 2007 (Updated 2008) The extract presented hereunder is as per disclosure requirement of Capital Adequacy Framework 2007 (Updated 2008) as issued by Nepal Rastra Bank for the year ended 31st Ashad 2078. 1. Capital Structure and Capital Adequacy:
Core Capital (Tier 1) Particulars Amount (NPR)
a. Paid up Equity Share Capital 2,736,972,420.00 b. Share Premium - c. Proposed Bonus Share - d. Statutory General Reserves 505,123,252.37 e. Retained Earnings 315,918,741.87 f. Capital Adjustment Reserve g. Deferred Tax Assets Reserve h. Other Free Reserve Less: Deferred Tax Assets 33,340,536.49 Total Core Capital (Tier I) 3,524,673,877.74
Supplementary Capital (Tier 2)
Particulars Amount (NPR) a. Cumulative and/or Redeemable Preference Shares b. Subordinated Term Debt c. Hybrid Capital Instruments d. General Loan Loss Provisions 418,754,527.81 e. Exchange Equalization Reserve 260,404.83 f. Investment Adjustment Reserve g. Other Reserve Total Supplementary Capital (Tier 2) 419,014,932.64
Total Qualifying Capital Amount ((NPR) Total Capital Fund (Tier I + Tier II) 3,943,688,810.38 a. Core Capital (Tier 1 Capital) Less Deductions 3,524,673,877.74 b. Supplementary Capital (Tier 2 Capital) 419,014,932.64
Capital Adequacy Ratio
a. Tier 1 Capital to Total Risk Weighted Exposures 10.52%b. Total Capital Fund to Total Risk Weighted Exposures (CAR) 11.77%
Summary of the bank’s internal approach to assess the adequacy of its capital to support current and future activities: Assessment of capital adequacy of bank on regular basis taking into considerations the exposure of bank. Also the analysis of possible impact on capital adequacy is being done on regular basis taking
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into consideration the future impacts on assumptive basis. Capital adequacy of bank and impact in capital due to future change in nature and size of business is discussed in Risk Management Committee and is summarized in board. Regular monitoring of nature of business is being done so that unexpected negative impact could not take place in capital adequacy of bank. Reporting to regulatory body is being done as prescribed by compliance department.
Summary of the terms, conditions and main features of all capital instruments, especially in
case of subordinated term debts including hybrid capital instruments. Not Applicable.
2. Risk Exposures Risk Weighted Exposures for Credit, Market and Operational Risk
Particulars Amount (NPR) a. Risk Weighted Exposure for Credit Risk 30,920,507,232.25 b. Risk Weighted Exposure for Operational Risk 1,677,092,187.52 c. Risk Weighted Exposure for Market Risk 5,772,278.37 Total Risk Weighted Exposures(Before adjustment of Pillar II) 32,603,371,698.14Adjustments under Pillar II ALM policies & practices are not satisfactory, add 1% of net interest income to RWE
-
Add ….% of the total deposit due to insufficient Liquid Assets - Add RWE equivalent to reciprocal of capital charge of 2 % of gross income. 244,923,092.86 Overall risk management policies and procedures are not satisfactory. Add 2% of RWE
652,067,433.96
If desired level of disclosure requirement has not been achieved, Add.....% of RWETotal Risk Weighted Exposures (After Bank's adjustments of Pillar II) 33,500,362,224.96
Risk Weighted Exposures under each Categories of Credit Risk
Particulars Amount (NPR) a. Claims on government and central Bank - b. Claims on other official entities - c. Claims on Banks 1,263,275,623.51 d. Claims on corporate and securities firms 6,491,996,039.09 e. Claims on regulatory retail portfolio 12,249,561,349.67 f. Claims secured by residential properties 3,148,971,839.63 g. Claims secured by commercial real estate 222,950,776.20 h. Past due claims (except for claim secured by residential properties) 1,275,274,634.45 i. High risk claims 3,048,352,041.83 j. Investment in Equity and other capital instruments of institutions 1,871,376,541.10 k. Staff Loan secured by residential properties 177,789,503.79 l. Other Assets 691,088,146.62 m. Off Balance sheet items 479,870,736.37 Total Risk Weighted Exposures for Credit Risk 30,920,507,232.25
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Total Risk Weighted Exposure Calculation table for Credit Risk Amount (NPR) Total Risk Weighted Exposures for Credit Risk 30,920,507,232.25a. Total core Capital Fund 3,524,673,877.74b. Total capital Fund(Tier I and Tier II Capital) 3,943,688,810.38c. Tier I Capital to Total Risk Weighted Exposures for Credit Risk 11.40%d. Tier I and Tier 2 Capital to Total Risk Weighted Exposures for Credit Risk 12.75%
Amount of NPA's (Both Gross and Net) Amount (NPR)
S.N. Particulars Gross Amount Loan Loss Provision Net Amount a. Substandard Loan 217,273,053.89 53,767,972.21 163,505,081.68 b. Doubtful Loan 203,386,719.32 101,047,727.13 102,338,992.19 c. Loss Loan 82,899,975.69 81,615,015.47 1,284,960.22 Total 503,559,748.90 236,430,714.80 267,129,034.10
NPA Ratios S.N. Ratios Gross/Net NPA Gross/Net Loan %
a. Gross NPA to Gross loan and Advances 503,559,748.90 36,293,876,868.83 1.39%
b. Net NPA to Net loan and Advances 267,129,034.10 35,526,411,294.47 0.75% Movement of Non - Performing Loans
S.N. Particulars Current Year Previous Year Change (%) a. Restructured/Reschedule b. Substandard Loans 217,273,053.89 118,875,412.95 82.77%c. Doubtful Loans 203,386,719.32 109,980,905.53 84.93%d. Bad Loans 82,899,975.69 41,363,061.52 100.42%Total: 503,559,748.90 270,219,380.00 86.35%
Movement in Loan Loss Provisions
S.N. Particulars Current Year Previous Year Change (%)
a. Loan Loss Provision 767,465,574.36 535,000,417.58 43.45% Write off of Loans and Interest Suspense during the year: As per Note 4.40 Details of Additional Loan Loss Provisions: Not Applicable
Investment Portfolio
Amount (NPR)
S.N Particulars Held to
Maturity Held for Trading
Available for sale
a. Investment in Treasury Bill 2,444,703,677.74 b. Investment on Other Government
S i i1,480,560,724.79
c. Investment on NRB Bond and Deposit
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S.N Particulars Held to
Maturity Held for Trading
Available for sale
d. Investment on interbank lending e. Investment on Shares
Micro Finance Institution 82,657,869.48 Insurance companies 279,962,786.74 Investment on Mutual Fund 131,600,690.00 Hydropower Companies 69,100.00 Hotels 2,500,897.84 Others 70,049,564.18 Total 3,925,264,402.53 566,840,908.25
3. Risk Management Function The development bank is committed to the identification, monitoring and management of risks associated with its business activities. Management is ultimately responsible to the Board for the development bank's system of internal controls and risk management. The internal audit of the development bank’s branches and departments was carried out by in house Internal Audit Department of the development bank. Risk management committee is formed under chairmanship of director, meeting of which is conducted at least once in a quarter analyzing the various risk associated factors.
Credit Risk Development bank has put in place a standard procedure regarding documentation procedure, loan appraisal and approval procedure, delegation of authority to different level, disbursement mechanism, monitoring of loans and advances and recovery. Development bank has separate Credit Control Unit (CCU) through which the loan files are being reviewed. Further, development bank also has a separate and independent Risk Department. Both CCU and Credit Risk Unit under Risk Department has played a vital role in the internal check system.
Market Risk Market risk related to interest rate, stock price are being monitored closely by management and discussions are being held in risk management committee in frequent basis. Operational Risk In order to minimize operational risk, bank has been following its operational manual strictly along with NRB Directives and circulars. In addition to strengthen internal control of the bank, internal audit of branches and departments are being conducted in annual basis. Further development bank has put in place the practice of monthly system review system and daily MIS system for timely information of position bank and detection of errors. Development bank has been using various risk mitigating tools like insurance, data back – up, training of staffs etc. Development bank has framed AML/ CFT policy to comply with the provisions of NRB and Nepal Government related to AML.
Credit Risk Mitigants (CRM): Eligible CRM Benefits availed:
Particulars Amount (NPR) Deposits with Bank 299,718,206.94 Gold 142,911,179.16 Total 442,629,386.10
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